Israel-Iran conflict poses major risk for the global economy

The Strait of Hormuz is a narrow passageway between Oman and Iran that is a critical route for global oil transportation with tankers carrying crude oil from the Gulf Region to Europe, Asia, and North America. Approximately one-fifth of the world's oil supply passes through the Strait of Hormuz. That makes it the second most important oil route after the Strait of Malacca. And its disruption amid the Israel-Iran conflict could lead to significant increases in oil prices and widespread economic consequences.

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.