---
title: "The Strait of Hormuz is the lifeline of the global economy: Saudi Arabia is the largest source of crude oil transiting the Strait at 38%, followed by Iraq at 22% and the UAE at 14%."
description: "Iran, Kuwait, and Qatar follow at 11%, 10%, and 5%, respectively.\n\nOn the destination side, China receives the largest portion at 37%, followed by India at 14%, Other Asia and Oceania at 16%, South Korea at 12%, and Japan at 12%.\n\nThis means ~75% of all crude oil passing through the Strait flows to Asia, making the region overwhelmingly the most exposed to the current disruption.\n\nSaudi Arabia and Iraq alone represent 60% of all crude transiting the chokepoint, meaning any prolonged closure disproportionately impacts their export revenues and Asian buyers simultaneously.\n\nThe Strait of Hormuz is the most critical chokepoint in global energy flows.\n\nSource: Global Markets Investor"
---

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# [The Strait of Hormuz is the lifeline of the global economy: Saudi Arabia is the largest source of crude oil transiting the Strait at 38%, followed by Iraq at 22% and the UAE at 14%.](https://blog.syzgroup.com/syz-the-moment/the-strait-of-hormuz-is-the-lifeline-of-the-global-economy-saudi-arabia-is-the-largest-source-of-crude-oil-transiting-the-strait-at-38-followed-by-1775571726101)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 7, 2026, 2:22:47 PM

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