It is the only waterway from the Atlantic Ocean to the Mediterranean Sea.
The Strait of Gibraltar
A canal
Plains
The Strait of Hormuz is a crucial narrow waterway for shipping oil, as it connects the Persian Gulf with the Gulf of Oman. It is one of the world's most important maritime chokepoints, with a significant portion of global oil supply passing through it. The strait is strategically important due to the large quantity of oil transported from major oil-producing countries in the region. Its geopolitical significance often makes it a focal point for international security concerns.
Strait
The Strait of Hormuz is strategically important because it is a narrow waterway connecting the Persian Gulf to the Arabian Sea, through which approximately 20% of the world's oil supply is transported. Its geographical location makes it a critical chokepoint for global oil trade, and any disruption in this area can have significant implications for energy markets worldwide. The strait's importance is further underscored by its proximity to several key oil-producing nations, making it a focal point of geopolitical tensions and security concerns.
Strict rules for traffic in the Strait of Dover are in place due to the high volume of shipping traffic passing through the narrow waterway. The rules help to manage congestion, prevent collisions, and ensure the safe and efficient flow of vessels in one of the busiest maritime routes in the world. Additionally, the proximity to coastal areas and navigational hazards makes it crucial to enforce regulations to protect the environment and prevent accidents.
On the 1969 S penny a doubling of the print makes it very valuable ($35 000)
A strait
A strait
It's scarcity is the only thing that makes it valuable.
There's nothing special about it. Gold is more or less nonreactive, but that's not a special property. What makes it valuable is its rarity, not its nonreactivity. Mercury is similarly nonreactive, but not nearly as valuable.