The correct answer is 1 and 3 only. Important Points The strait of Hormuz links the Persian Gulf to the Gulf of Oman and the Arabian Sea. Hence, statement 1 is correct. The Strait of Hormuz is located between Oman and Iran. Hence, statement 2 is Not correct. The Strait is 33 km wide at its narrowest point. The shipping lane is just three km wide in either direction. Why is the Strait of Hormuz is important? The Strait of Hormuz is the world's most important oil chokepoint because of the large volumes of oil that flow through the strait. Hence, statement 3 is correct. ​About 17.2 million barrels of oil pass through the Strait per day. That is almost a fifth of the world's oil. Saudi Arabia, Iran, the UAE, Kuwait, and Iraq export most of their crude via this route. Qatar, the world's biggest LNG exporter, also sends it through the Strait. Additional Information Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The inability of oil to transit a major chokepoint, even temporarily, can lead to substantial supply delays and higher shipping costs, resulting in higher world energy prices. Although most chokepoints can be circumvented by using other routes that add significantly to transit time, some chokepoints have no practical alternatives. There are limited options to bypass the Strait of Hormuz. Only Saudi Arabia and the United Arab Emirates have pipelines that can ship crude oil outside the Persian Gulf and have the additional pipeline capacity to circumvent the Strait of Hormuz.