?? EXPLAINER | Iran Tensions: What a Gulf Oil Shock Means for Zambia Military escalation involving the United States, Israel and Iran has shifted global attention to one narrow waterway between Oman and Iran. The Strait of Hormuz carries about 20% of the world’s oil supply and a similar share of seaborne gas. According to […] The post Iran Tensions: What a Gulf Oil Shock Means for Zambia first appeared on The Zambian Observer .