New Delhi, March 19: The ongoing attacks between Iran and the United States-Israel alliance have raised global concerns. These conflicts are significantly impacting the world market. In retaliation, Iran is targeting key locations crucial for international trade. Let’s explore the major and minor routes facilitating trade between these nations.
The Suez Canal in the Mediterranean-Red Sea and the Panama Canal in the Atlantic-Pacific are considered essential routes for global trade. Additionally, the Strait of Malacca (Indian Ocean-Pacific), Strait of Hormuz (Persian Gulf-Arab Sea), Bab al-Mandeb (Red Sea-Gulf of Aden), the Suez-Mediterranean (SUMED) pipeline, and the Cape of Good Hope are strategic pathways for international commerce. Together, these maritime routes account for approximately 80-90% of global trade.
Located in Egypt, the Suez Canal is the shortest maritime route between Europe and Asia, linking the Mediterranean Sea and the Red Sea. This route saves nearly 6,000 miles compared to traveling around the Cape of Good Hope.
The Panama Canal, situated in Central America, connects the Atlantic Ocean to the Pacific Ocean, avoiding a journey of over 8,000 miles between the eastern and western coasts of the United States.
The Strait of Malacca, located between Indonesia, Malaysia, and Singapore, links the Indian Ocean to the South China Sea and the Pacific Ocean. It is regarded as the shortest route between the Persian Gulf and Asian markets.
The Strait of Hormuz connects the Persian Gulf, Gulf of Oman, and the Arabian Sea, making it the most vital route for oil and gas transportation globally.
Bab al-Mandeb links the Red Sea to the Arabian Sea via the Gulf of Aden, serving as a crucial trade route between Europe and Asia, accounting for 12% of global trade.
The Cape of Good Hope, Africa’s southernmost point, is utilized by large vessels when the Suez Canal route is obstructed.
The Strait of Gibraltar connects the Atlantic Ocean to the Mediterranean Sea, situated between Europe and Africa, allowing ships to enter the sea directly from the ocean.
Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
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