#Oil201: 12/27
…“Much of [that 60%], around 20% of global oil supply – which is around 40% of what’s actually available for purchase internationally – passes through the narrow strait of Hormuz, which has become the center of the world’s attention for the last few weeks.
And as we’re quickly realizing there are no alternative routes at anything close to that capacity, and now we’re seeing a war for its control…