The Gulf of the Oman It is a stretch of the Arabian seabetween the Oman’s coast and the southernmost one in Iran. From here passes about the 30% of world oil. The Gulf of the Oman is separated from Persian Gulf from Strait of Hormuz and extends for 560 kilometerscoming to one maximum width of 320 kilometers.
In practice it is a seaside arm, a little longer and a little less than theAdriatic. It is here that you are playing as happened in the past, a dangerous “Shadow War”which sees opposite United States And Israel againstIran. The Strait of Hormuz It is the key point of the region, it is from here that you pass from the Gulf of Oman to the Persian Gulf, which various states overlook, primarily Iran, which constitutes its entire northern coast (about 2,400 km), followed by Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar And Oman.
The Hormuz gut is the worldwide oil crossroads by ship. From a point of view geopoliticalthe Persian Gulf is the only area that separates Iran from Gulf monarchies and, consequently, from US bases present on their territory. But above all, it is among the larger oil and gas reserves in the world and, therefore, one of the main ones Snodes for global hydrocarbons trade. On average beyond 20 million barrels They cross the Hormuz Strait on a daily basis. The game that is played in this area is therefore of primary economic and geopolitical importance. At present it is only possible to hypothesize the various sides in which the Persian Gulf is divided today while Israel and the United States oppose Iran in the Gulf of the Oman. In addition, Iran may want to reaffirm their own control over Hormuz’s Straitthe very important checkpoint from which about 30% of oil traded by sea transits.
AfterIsraeli attack on Iran The first economic consequence was the leap of the price of crude oil with the Brent who has returned above the 74 dollars per barrel to close at +7%. It was one daily surge that it was not seen from 2022when the Russia invaded theUkraine. Second JP Morgan If Iran should block the passage, the prices could reach 120 dollars per barrel with Very important consequences on everyday life globally. However, the same analysts underline that this scenario remains unlikelysince the strait has never been closed in the Modern History Despite the numerous threats. But from the Strait of Hormuz not only passes the crude oil. Through that stretch of sea they pass i Cargo loaded with gnl that from Qatar go to EuropeIn the Middle East Asia and in China. And just Beijingwhich is the Second economy in the world After the United States, it is a great buyer of Iranian oil (about 1.5 million barrels per day). If these supplies were to interrupt, China would be forced to supply elsewhere, a higher prices with Chain consequences for global inflation.