FACTBOX-Strait of Hormuz: economic effects of disruption
(Reuters) - Any military action in the Strait of Hormuz in the Gulf would knock out oil exports from OPEC's biggest producers, cut off the oil supply to Japan and South Korea and knock the booming economies of Gulf states.
Here are some key facts on what passes through the international waterway and some of the direct economic consequences of any attack on merchant shipping.
-- 2.9 billion deadweight tonnes passes through the strait every year.
-- Crude oil exported through the Strait rose to 750 million tonnes in 2006.
-- 27 percent of transits carry crude on oil tankers, rising to 50 percent if petroleum products, natural gas and Liquefied Petroleum Gas transits are included.
-- Transits for dry commodities like grains, iron ore and cement account for 22 percent of transits.
-- Container trade accounts for 20 percent of transits, carrying finished goods to Gulf countries.
Oil exports passing through Hormuz:
(2006 figures) Continued...


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