Which straits hold the key to the global oil market?

According to the exclusive report of “Energy Press”, today’s world is a world dependent on energy. The energy that forms its vital vessels is oil. But how does this black gold reach the industrial reservoirs of different countries from the heart of the earth?
The fate of the world economy depends on the straits that you may not have heard of. The straits, which seem to be only insignificant blue lines on the map, are actually the lifeblood of the global economy. These straits are the oil highways of the world, through which millions of barrels of oil pass daily.
Strait of Hormuz; Unrivaled Sultan
The Strait of Hormuz, as the first and most important of these vessels, plays an irreplaceable role in global oil trade; The strait is located in the Persian Gulf, between Iran and Oman, and more than 16 million barrels of oil pass through it every day.
A figure that makes up about a fifth of the world’s total oil trade. Any disturbance in the flow of oil through this strait can cause an earthquake in the world markets.
But Hormuz is not the only lifeline of oil. Strait of Malacca, Bab al-Mandab, Suez Canal and Bosphorus Strait, each in turn, play a key role in this global chain.
Strait of Malacca; The throat of two great oceans
The Strait of Malacca is the second most important oil strait in the world, with the daily passage of 15 million barrels of oil, which connects the Indian Ocean to the South China Sea in the Pacific Ocean.
The Bab al-Mandab strait is the gateway for oil entering the Red Sea and the Suez Canal, which is the passageway for 5 million barrels of oil. This strait is located between the country of Yemen and Djibouti, ships coming from the Indian Ocean side can continue their way through the Suez Canal to the Mediterranean Sea after passing through Bab al-Mandab and crossing the length of the Red Sea.