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Why is Hormuz so crucial?

The Strait of Hormuz is a vital shipping lane connecting the Persian Gulf to the open ocean. Roughly a third of the world's seaborne oil passes through it daily. Any disruption, like those caused by conflict, can severely impact global oil supplies and prices, as Amin Nasser's warning highlights.

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Who controls the world's oil tap? How much oil is 'scarily thin'? What is the Hormuz crisis? What's a 'crucial stand'? What is the Strait of Hormuz? Where is the Strait of Hormuz? Why is the Strait of Hormuz important? Why is the Strait of Hormuz key?

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