Iran’s Navy began an annual drill near the strategic Strait of Hormuz, its first major exercise since the inauguration of U.S. President Donald Trump.
Importance of strait of Hormuz
The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea and represents one of the world's most important oil chokepoints with approximately 14 million barrels per day (b/d) of oil being exported.
The Strait of Hormuz is important because it is the main artery for transport of oil from the Middle East. Iran and Oman are the countries nearest to the Strait of Hormuz and share territorial rights over the waters. Due to its importance, Iran has threatened to close the Strait of Hormuz several times in recent history.