Dispatch 004: The Strait of Hormuz is the World’s Jagular, and The United States just Closed it
We have not seen anything like this in pretty much the history of the Strait of Hormuz,” says the chief economist at Rystad Energy. He compares it to blocking the aorta. That’s not hyperbole. About 20 million barrels of oil, roughly one-fifth of globally traded oil, transits the corridor daily, alongside roughly 22 percent of global liquefied natural gas trade. When you block the aorta, … Continue reading Dispatch 004: The Strait of Hormuz is the World’s Jagular, and The United States just Closed it