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Oil Trade In Crisis, Markets Anxious As Attacks Escalate At Strategically Crucial Strait Of Hormuz
Around one-fifth of the world's crude oil is shipped through the Strait of Hormuz. That's about 20 million barrels per day. This makes the strait the most critical energy chokepoint.
It typically exports its crude oil from ports within the Persian Gulf, but Sunday’s strike near the strait has led to a log ...
Aramco is exploring oil exports via the Red Sea to bypass the Strait of Hormuz amid regional conflicts affecting shipping routes.
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