FACTBOX: The Strait of Hormuz --
Key Oil Shipping Route
* WHERE IS THE STRAIT?
-- A narrow bend of water separating Oman and
Iran connects the biggest Gulf oil producers, such as Saudi Arabia, with the
Gulf of Oman and the Arabian Sea.
-- At its narrowest point, the strait is only
21 miles across.
-- The strait consists of 2-mile (3-km) wide
navigable channels for inbound and outbound shipping as well as a
2-mile-wide buffer zone.
* OIL SHIPMENTS:
-- Oil movements through the strait account
for roughly 40 percent of all seaborne oil traded in the world, according to
the U.S. Energy Information Administration (EIA).
-- The EIA estimates tankers carry between
16.5 and 17 million barrels of crude through the narrow channel daily.
-- Ninety percent of oil exported from Middle
East Gulf producers is carried through the strait.
-- The bulk of the oil exported through the
Strait of Hormuz travels to Asia, the United States and Western Europe.
About three-quarters of Japan's oil imports and about 50 percent of China's
pass through this strait.
-- An additional 2 million barrels of oil
products, including fuel oil, are exported through the passage daily, as
well as liquefied natural gas (LNG).
-- The world's largest LNG exporter, Qatar,
ships a total of 31 million tonnes annually through the strait to Asia and
Europe.
-- The EIA predicts oil exports passing
through the strait will double to between 30 million and 34 million barrels
per day by 2020.
-- One of U.S. Central Command's key missions
in the Gulf is to ensure the free flow of oil and energy supplies.
-- The U.S. Fifth Fleet patrols the Gulf from
its base in Bahrain.
* TANKER WAR:
-- Between 1984 and 1987, a "tanker war" took
place between Iran and Iraq, where each country fired on the other's oil
tankers. Foreign-flagged vessels were caught in the crossfire.
-- Shipping in the Gulf dropped by 25 percent
because of the firing.
-- Of the 239 tankers attacked, 55 were sunk
or written off.
* STRATEGIC CORRIDOR:
-- Merchant ships carrying grain, iron ore,
sugar, perishables and containers full of finished goods also pass through
the strategic sea corridor en route to Gulf countries and ports such as
Dubai.
-- Heavy armour and military supplies for the
U.S. armed forces in Iraq and other Gulf countries pass through the channel
aboard U.S. naval, U.S.-flagged and foreign-flagged ships.
Sources: International Energy Agency (IEA),
U.S. Energy Information Administration (EIA), United Nations Conference on
Trade and Development (UNCTAD), GlobalSecurity.org, U.S. Navy's Military
Sealift Command, Clarkson shipping consultancy, The Robert S. Strauss Center
for International Security and Law.