The Strait of Hormuz handles nearly what fraction of global seaborne crude oil?

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Multiple Choice

The Strait of Hormuz handles nearly what fraction of global seaborne crude oil?

Explanation:
The main idea here is recognizing Hormuz as a critical choke point for global oil shipments. A large portion of Middle East crude must pass through this narrow strait to reach world markets, so about one-third of all seaborne crude oil moves through Hormuz. This makes it especially significant for energy security because disruptions there can impact supply and push prices higher, given that alternative routes are longer and less efficient for the same volumes. The other fractions would overstate or understate the typical share, so roughly one-third is the best approximation.

The main idea here is recognizing Hormuz as a critical choke point for global oil shipments. A large portion of Middle East crude must pass through this narrow strait to reach world markets, so about one-third of all seaborne crude oil moves through Hormuz. This makes it especially significant for energy security because disruptions there can impact supply and push prices higher, given that alternative routes are longer and less efficient for the same volumes. The other fractions would overstate or understate the typical share, so roughly one-third is the best approximation.

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