Please ensure Javascript is enabled for purposes of website accessibility
Why This Narrow Strait Next to Iran Is So Critical to the World’s Oil Supply
News
By News
Published 5 years ago on
July 8, 2019

Share

[aggregation-styles]

Twenty percent of the global oil supply flows through the Strait of Hormuz, a narrow stretch of water that separates Persian Gulf countries like Iran, Iraq and Kuwait from the rest of the world.
From May 15 to June 15, more than 1,000 tanker ships traveled the strait. Many were destined for places as far away as China and South Korea.
The gulf region has been rocked by instability in recent months, threatening the flow of oil through the strait. Six tankers have been attacked since May amid escalating tensions between Iran and the United States.
In the past year, the United States has imposed new sanctions on Iran meant to cripple the country over its nuclear program. Some of the measures have targeted the country’s oil exports, long the lifeblood of its economy. Iran, in defiance, said on Sunday that it would begin enriching uranium at higher levels, breaching an international accord.

Read More →

RELATED TOPICS:

DON'T MISS

Stock Market Today: Wall Street Drifts to a Mixed Finish in a Quiet Day of Trading

DON'T MISS

US Service Member Shot and Killed by Florida Police Identified by the Air Force

DON'T MISS

Fresno Area Elementary School Teams With Quiq Labs for STEAM Exploration

DON'T MISS

Four-Time Grammy Winner Debuts Song Inspired by College Protests

DON'T MISS

Planned Fresno Probation Gun Buyback Program Runs Afoul of State Law and SEIU

DON'T MISS

Watch: Israel’s Oversized Influence in American Elections

DON'T MISS

Own a Business? Learn How to Get a Piece of the $5.5 Billion Visa/Mastercard Settlement

DON'T MISS

Special Report: How a 1965 Law Makes It Hard for the Poor to Get Mental Health Treatment

DON'T MISS

CA Restaurants Shouldn’t Be Shocked That ‘Junk Fees’ Ban Applies to Them

DON'T MISS

Did California’s Massive COVID Homeless Shelter Program Work? A New Evaluation Probes the Results

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

Four-Time Grammy Winner Debuts Song Inspired by College Protests

1 hour ago

Planned Fresno Probation Gun Buyback Program Runs Afoul of State Law and SEIU

2 hours ago

Watch: Israel’s Oversized Influence in American Elections

4 hours ago

Own a Business? Learn How to Get a Piece of the $5.5 Billion Visa/Mastercard Settlement

4 hours ago

Special Report: How a 1965 Law Makes It Hard for the Poor to Get Mental Health Treatment

5 hours ago

CA Restaurants Shouldn’t Be Shocked That ‘Junk Fees’ Ban Applies to Them

6 hours ago

Did California’s Massive COVID Homeless Shelter Program Work? A New Evaluation Probes the Results

6 hours ago

Spurs’ Victor Wembanyama Is Rookie of the Year After a Record-Setting Season

6 hours ago

Murray Tosses Heat Pack, Coach Screams at Officials as Frustrated Nuggets Lose Again

6 hours ago

India Votes in Third Phase of National Elections; Modi Escalates His Rhetoric Against Muslims

6 hours ago

Stock Market Today: Wall Street Drifts to a Mixed Finish in a Quiet Day of Trading

NEW YORK — U.S. stocks held steady Tuesday, as trading on Wall Street calmed following some sharp recent swings. The S&P 500 edged up by...

28 mins ago

28 mins ago

Stock Market Today: Wall Street Drifts to a Mixed Finish in a Quiet Day of Trading

36 mins ago

US Service Member Shot and Killed by Florida Police Identified by the Air Force

1 hour ago

Fresno Area Elementary School Teams With Quiq Labs for STEAM Exploration

1 hour ago

Four-Time Grammy Winner Debuts Song Inspired by College Protests

2 hours ago

Planned Fresno Probation Gun Buyback Program Runs Afoul of State Law and SEIU

4 hours ago

Watch: Israel’s Oversized Influence in American Elections

4 hours ago

Own a Business? Learn How to Get a Piece of the $5.5 Billion Visa/Mastercard Settlement

5 hours ago

Special Report: How a 1965 Law Makes It Hard for the Poor to Get Mental Health Treatment

MENU

CONNECT WITH US

Search

Send this to a friend