New Delhi, March 11 -- The ongoing unrest in West Asia appears to be destabilising the global energy sector, raising concerns over disruptions in oil supplies through critical chokepoints such as the Strait of Hormuz and attacks on energy infrastructure.
In the midst of the crisis, the Strait of Hormuz, often described as the world's most important oil transit chokepoint, has come under renewed focus due to its central role in global energy trade.
According to estimates by the United Nations Conference on Trade and Development (UNCTAD), nearly 25 per cent of the world's seaborne oil trade and around 20 per cent of global liquefied natural gas (LNG) shipments pass through the narrow maritime corridor connecting the Persian Gulf with the Ar...