US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide
Green Car Congress
DECEMBER 31, 2011
Use of the alternate routes would increase the cost of transportation. It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. The 17-mile long waterway located in Turkey supplies Western and Southern Europe with oil from the Caspian Sea Region. An estimated 2.9
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