The Strait of Hormuz is a key waterway that lies between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The US Energy Information Administration (EIA) describes it as the “world's most important oil

A tanker collision near the Strait of Hormuz has triggered market jitters over oil supply, with potential ripple effects for India's energy security and inflation outlook

Strait of Hormuz is used for exporting crude oil to Asia by members of OPEC including Saudi Arabia, Iran, the United Arab Emirates, Kuwait, and Iraq