Other major routes include Bab al-Mandeb Strait, Suez Canal, Danish Straits, Turkish Straits and Panama Canal LONDON Nearly 70% of global oil demand, exceeding 100 million barrels per day, is transported through strategic maritime chokepoints such as the Strait of Malacca and the Strait of Hormuz, as well as around South Africa’s Cape of Good Hope, an alternative shipping route. Following joint US and Israeli strikes on Iran, commercial traffic in the Strait of Hormuz has declined sharply after