Published at May 9, 2026 - 17:14 Global Markets React to Rising Tensions in Key Oil Corridor The world economy has always depended on a handful of strategic arteries through which energy, trade, and commerce move every day. Few of these arteries are more important than the Strait of Hormuz the narrow maritime passage connecting the Persian Gulf to the Arabian Sea. Nearly one-fifth of the world’s oil supply travels through this corridor, making it one of the most consequential waterways on Earth.