Remove Parts Remove Supplies Remove Transportation Remove Yemen
article thumbnail

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. Use of the alternate routes would increase the cost of transportation. It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. —US EIA.

Oil 297
article thumbnail

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