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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. —US EIA. An estimated 2.9

Oil 297
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Tesla shutting down Berlin factory for 2 weeks due to Red Sea shipping attacks

Baua Electric

The Canal transports about an eighth of global trade and a third of global container traffic, and is particularly important for shipping between Asia and the Mediterranean. We’ve heard about Red Sea supply disruptions before, but these are different than those we’ve experienced in the past.

Yemen 52