Libya’s oil disputes mirror Hormuz crisis, fuel European energy fears

The Strait of Hormuz, at its narrowest point of 39 km, is a critical chokepoint for global oil trade, typically handling 20 million barrels daily. Following US and Israeli strikes on Iran, Tehran closed the strait, causing oil prices to soar to nearly $120 a barrel. Meanwhile, Libya's northeastern oil terminals could serve as a strategic asset for global oil trade, reaching Italian refineries without the need for military escorts.