July 5, 2018 / 3:19 PM / in 4 months

Factbox - Strait of Hormuz: the world's most important oil artery

LONDON (Reuters) - With a third of the world’s sea-borne oil passing through it every day, the Strait of Hormuz is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond.

This week, an Iranian Revolutionary Guards commander threatened that Tehran will block oil shipments through the waterway in response to U.S. calls to ban all Iranian oil exports. [nL8N1U04BP]

The Strait has been at the heart of regional tensions for decades and this is not first time that Tehran has made such threats.

WHY IT MATTERS?

(GRAPHIC: Strait of Hormuz Tanker Traffic - reut.rs/2tXdToC)

PIPELINE ALTERNATIVES

The following EIA table shows those pipeline projects.

(GRAPHIC: Pipelines Bypassing Strait of Hormuz - reut.rs/2Nr6SV7)

INCIDENTS IN THE STRAIT

Sources: Reuters/Energy Information Administration

Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan

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