The fetal circulation differs from adult circulation in several key ways that allow for gas exchange via the placenta rather than the lungs. In the fetus, about 45% of the combined ventricular output is directed to the placental circulation, with only 8% going to the pulmonary circulation. At birth, closure of the ductus arteriosus and foramen ovale is facilitated by the onset of lung ventilation and increased pulmonary blood flow. Persistence of fetal shunts can lead to conditions like patent ductus arteriosus, patent foramen ovale, or persistent pulmonary hypertension of the newborn.