Kuwaiti Oil Exports & the Strait of Hormuz.
by brian on Thursday, February 25th, 2010 | No Comments
It may be just 21 miles wide but the Strait of Hormuz is one of the world’s busiest shipping lanes for oil exports from the Gulf. It’s thought up to 40% of the world’s oil passes through the waterway. But Tehran is threatening to close the Strait, if it’s attacked by the United States. The move could cripple oil exports from the region and send prices soaring, as Ben Thompson now reports from Kuwait.
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