World Output
20% of the world's oil passes through a 21-mile wide strait. And it's closing. ๐ข๏ธ On September 2, Iranian forces struck two oil tankers in the Strait of Hormuz. The fragile ceasefire is over. The world's most critical energy chokepoint is now a war zone. ๐ THE NUMBERS: Before the war, 20 million barrels of oil passed through here every day. Today? Flow has dropped to roughly 10 million . Brent crude has surged 41% this year, hitting $96/barrel today . ๐ THE VICTIMS: Japan gets 73% of i
More
The author declares that this content is generated by AI.
