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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

They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. At its narrowest point, the Strait is 21 miles wide, but the width of the shipping lane in either direction is only two miles, separated by a two-mile buffer zone. —US EIA. Source: EIA.

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. To reach the Red Sea, ships must travel through the Gulf of Aden and the Bab al-Mandeb Strait off the coast of Yemen.

Yemen 52