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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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More than 85% of the crude oil exports flowing through the Strait went to Asian markets, with Japan, India, South Korea, and China representing the largest destinations, EIA said. Malacca is the shortest sea route between Persian Gulf suppliers and the Asian markets. —US EIA. Suez Canal/SUMED Pipeline. An estimated 2.9

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