Iran: Strait of Hormuz to be closed in a few hours - link
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Date: June 22nd, 2025 9:30 AM Author: vivacious house pozpig
ChatGPT, how much oil passes through the Strait of Hormuz?
About 20–21 million barrels of oil per day pass through the Strait of Hormuz, making it the world’s most important oil chokepoint.
This volume represents:
• ~20–25% of global oil consumption
• ~30% of all seaborne-traded oil
(http://www.autoadmit.com/thread.php?thread_id=5741680&forum_id=2...id.#49039583) |
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Date: June 22nd, 2025 1:18 PM Author: Twinkling Locale Cumskin
This seems overblown.
75% of the supply will be fine.
25% of the supply will not be wiped out - they'll just sell to every other country except the US, Israel and France. Those countries will in turn buy less from the 75%.
I'm sure some efficiencies will be lost but seems marginal.
(http://www.autoadmit.com/thread.php?thread_id=5741680&forum_id=2...id.#49040079) |
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