Energy, Climate, New Economic Thinking​

Day: July 7, 2019

Why This Narrow Strait Next to Iran Is So Critical to the World’s Oil Supply

Twenty percent of the global oil supply flows through the Strait of Hormuz, a narrow stretch of water that separates Persian Gulf countries like Iran, Iraq and Kuwait from the rest of the world. From May 15 to June 15, more than 1,000 tanker ships traveled the strait. Many were destined for places as far away as China and South Korea. New York Times