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The Strait of Hormuz is strategically important because it handles approximately what share of global oil shipments?

0
A) 50%
B) 10%
C) 5%
D) 20%

Correct Answer: D) 20%

Nearly one-fifth of the world’s oil supply passes through the Strait of Hormuz. Any conflict involving Iran in this region can disrupt global energy markets and increase oil prices significantly.

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