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

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million bbl/d flow in 2009, down slightly from its peak of 14 million bbl/d in 2007. It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea. The 17-mile long waterway located in Turkey supplies Western and Southern Europe with oil from the Caspian Sea Region.

Oil 297