The Strait of Hormuz is not only strategic to the shipping of 20 percent of more of global oil and gas, 25 percent to 35 percent of global fertilizer shipment also go through this vital shipping chokepoint. The six Persian Gulf states of Saudi Arabia, Iraq, UAE, Kuwait, Qatar and Bahrain plus Iran not only produce 30 percent of global oil supply and 17 percent to 18 percent of global gas supply, they also produce a sizeable chunk of global fertilizer supply and related agricultural chemicals. Many countries in the Persian Gulf and Iran also imp
The Strait of Hormuz is not only strategic to the shipping of 20 percent of more of global oil and gas, 25 percent to 35 percent of global fertilizer shipment also go through this vital shipping chokepoint. The six Persian Gulf states of Saudi Arabia, Iraq, UAE, Kuwait, Qatar and Bahrain plus Iran not only produce 30 percent of global oil supply and 17 percent to 18 percent of global gas supply, they also produce a sizeable chunk of global fertilizer supply and related agricultural chemicals. Many countries in the Persian Gulf and Iran also imp