Trump’s War of Words With Iran Shines Spotlight on Vital Oil Route
▻https://www.bloomberg.com/news/articles/2018-07-23/trump-war-of-words-with-iran-shines-spotlight-on-vital-oil-route
Comment acheminer le pétrole du Moyen-Orient en se passant du #détroit_d'Ormuz
The war of words between U.S. President Donald Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the narrow, twisting conduit for about 30 percent of the world’s seaborne-traded crude.
The Middle East’s biggest oil exporters rely on the #Strait_of_Hormuz, the passage linking the Persian Gulf with global waterways, for the vast majority of their crude shipments — some 17.5 million barrels a day.
Should a regional conflict block that bottleneck, three of the largest Gulf Arab crude producers have pipeline networks that would potentially enable them to export as much as 4.1 million barrels via alternative outlets, according to Bloomberg calculations. Even so, this amount of oil, if sent by pipeline, would be less than a quarter of the total that typically sails on tankers through Hormuz.