Iran - Strait of Hormuz

[dan_s]

Reuters has published a new report on the importance of the Strait of Hormuz. If you'd like a copy, send me an email: dmsteffens@comcast.net

"Military action as a result of a forceful closure of the Stait of Hormuz (by Iran) is likely to send oil prices to unprecedented levels, paralyzing the global oil supply chain. Action from affected countries, with direct impact on their economies, will likely be very swift."

The Strait of Hormuz is the most critical waterway in the world. 18.3 million barrels per day of oil from OPEC's top five members pass through the strait, plus LNG tankers from Qatar go through it each day.