Oil: What is the Strait of Hormuz, how does it tie into Iran tensions? - Business Insider

: "The origin of whatever molecules are consumed in the United States does not matter."

"What matters is that if there's a shooting war somewhere in the Middle East, those molecules will cost more and that will harm the American economy," he said. An oil tanker on fire in the Gulf of Oman on June 13, 2019. Iran has denied responsibility for the attack.Iran is more likely to disrupt traffic in the Strait of Hormuz than to engage in an all-out conventional war with the US, which is much stronger militarily.

Iran's oil industry is already suffering after the US imposed sanctions designed to stop countries from importing Iranian oil earlier this year.: "They'd be cutting their own throat if they close the strait."

🤣

Only for the last 40 years. postoiltechnology postoiltech

AIS marine tracker doesn't show military ships, does it? It would be even more then

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Wants To Save Iran Nuclear Deal As It Leaves Their Oil Market BehindChina criticized Trump for killing Kassam Soleimani, Iran's top military general. But it has one thing in common with Washington that is key to Beijing's support. 11 Jan. - Guantánamo - more prisoners have died there than been convicted - Fires Threaten Australian Towns That Have Already Burned Once - Women now dominate the US workforce [for the second time in history] Fossil fuel economy. Fossil fuel economy.
Source: Forbes - 🏆 394. / 53 Read more »