Middle Eastern nations are building out their oil shipping infrastructure, seeking long-term workarounds for the Strait of Hormuz to make it less of chokepoint. Iran’s blockade of the waterway, through which about 20 percent of the world’s oil consumption flowed on a typical day prior to the war, has upended markets and sent global oil…
Strait of Hormuz oil supply crunch has countries looking for workarounds
Originally reported by The Hill. Read the full story at the original source.
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