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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

The Russian invasion of Ukraine has brought a stream of reports about the country’s energy exports. Since the start of the war, soaring energy prices have lifted this import bill to about $23 billion a month, making the EU a significant de facto financier of the Russian invasion: three-quarters of a billion a day!

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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. million-bbl/d Tapline to Lebanon.

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