9 hours ago
What Will Happen If the Strait of Hormuz Closes?
Since the media reports of Iran's plan to close the Strait of Hormuz have been circulating on social media, the world has been in panic because the strait is the gateway to almost a fifth of the world's daily oil output.
Around 84 percent of the oil leaving the Strait of Hormuz is set for Asia, with 14.2 million barrels of crude oil and 5.9 million barrels of other petroleum products leaving the strait every day, which is 20 percent of global production in the first quarter, according to the US Energy Information Administration (EIA).
The crude oil from Saudi Arabia, the UAE, Iraq, Kuwait, Qatar and Iran is exported exclusively from this strait.
China is one of the biggest importers of oil passing through the strait because it imports 5.4 million barrels of crude oil per day in the first quarter, according to EIA.
Saudi Arabia is China's second-largest supplier by exporting 1.6 million barrels a day. China also imports 90 percent of Iran's oil exports, according to Kpler.
India imported 2.1 million barrels of crude a day through the corridor in the first quarter. According to local media, almost 53 percent of India's imported oil came from Iraq and Saudi Arabia in the first quarter of 2025.
South Korea imported 1.7 million barrels a day this year from the strait, which is almost 68 percent of its crude oil imports. The country is mainly dependent on Saudi Arabia for its imports, which accounted for a third of its oil imports last year.
Japan receives 1.6 million barrels of crude oil per day through the Strait of Hormuz, according to the EIA. Last year, 95 percent of the country's crude oil imports were from the Middle East.
Around 2 million barrels of crude oil exported through Hormuz is for the rest of the world including the following:
Thailand
Phillippines
Europe (0.5 million barrels)
United States (0.4 million barrels)
Analysts and experts are worried about the possibility of the full closure of the Strait of Hormuz because it would disrupt global oil supplies and lead to a huge spike in oil prices.
