Iran, Oil and Strait of Hormuz

Feb
16
2013

Strait of Hormuz, for the uninitiated, is the narrow passage connecting the Persian Gulf to the Arabian Sea, surrounded by countries like Saudi Arabia, Iran, UAE, Iraq and Oman. It is significant for the simple reason that about 17m barrels of oil produced in the Middle East is transported through the Strait. Right now, the strait is in dire […]

Source: OIl Price News  

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