A blockade in the strait of Hormuz means a halt to 17 million barrels of oil passing through it. Thus, twenty percent of world's oil would stagnate, which would, in turn, send northward the already high oil prices.
Strait of Hormuz, the Most Important Middle Eastern Chokepoint
STRAIT OF HORMUZ (July 21, 2016) The aircraft carrier USS Dwight D. Eisenhower (CVN 69), followed by the fast combat support ship USNS Arctic (T-AOE 8) and the guided-missile destroyer USS Nitze (DDG 94), transit the Strait of Hormuz. The Eisenhower Carrier Strike Group is deployed in support of maritime security operations and theater security cooperation efforts in the U.S. 5th Fleet are of operations. (U.S. Navy photo by Mass Communication Specialist 3rd Class J. Alexander…
USS Carl Vinson transits the Strait of Hormuz.. ARABIAN SEA (Feb. 16, 2012) The Nimitz-class aircraft carrier USS Carl Vinson (CVN 70) transits the Strait of Hormuz. Carl Vinson and Carrier Air Wing (CVW) 17 are deployed to the U.S. 5th Fleet area of responsibility. (U.S. Navy photo by Mass Communication Specialist 3rd Class John Grandin/Released) 120216-N-BC134-478