Choke points

What are global shipping routes vulnerable to?

Piracy, military conflicts and cyber threats

How much of trade is conducted via sea?

80%

What are choke points?

Narrow shipping lanes with high traffic volumes due to their strategic location

What group have been targeting vessels in the southern Red sea and Bab al-Mandab strait?

Yemen’s Houthi militia

What choke point lies close to the Bab al-Mandab strait?

Suez canal

What happened to the Suez canal in 2021?

It was blocked

How many ships were affected when the Suez canal was blocked?

400

What are the consequences of a choke point being blocked?

Shortages and surge in food and energy prices

What is the biggest oil field in the world?

Ghawar

How much crude oil goes through the Strait of hormuz?

700 million tonnes

How much of global fertilisers pass through the strait of Hormuz?

34%

How much of global Methanol pass through the strait of Hormuz?

32%

How much of global crude oil pass through the strait of Hormuz?

31%

How much of global NGLs pass through the strait of Hormuz?

24%

How much of global LNGs pass through the strait of Hormuz?

19%

How much have gas prices in the UK risen in 2026?

50%

What’s an alternative shipping route used?

East-west pipeline

What price does normal oil prices fluctuate between?

$60-70

How much can prices increase when there’s a 50% closure?

9%