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20% of total world crude consumptionSomething like 20% of global energy supplies travels through Strait of Hormuz, not 80% which many like to imagine.
What was the amount during two-years of Covid-19 lockdowns? How did the world survive a Mad Max scenario back then?
Something like 20% of global energy supplies travels through Strait of Hormuz, not 80% which many like to imagine.
What was the amount during two-years of Covid-19 lockdowns? How did the world survive a Mad Max scenario back then?
20% of total world crude consumption
But 40% of total world crude oil exports
Crude oil producers countries spend a lot internally.
Yanks are preparing for boots on ground. If so, things will escalate out of hand at lightspeed and engulf the whole region. Judging by the vicious Iranian response thus far I fear the worst God forbid.
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