📢 BREAKING NEWS 📢
⚠️ The Strait of Hormuz will close in a few hours
This was announced by the commander of the Iranian Revolutionary Guard Navy, Brigadier General Tangsiri.
The Strait of Hormuz is the world's most important oil hub. Its closure would drive oil prices to unprecedented levels.
20% of global crude oil consumption and petroleum-derived products (more than 20 million barrels/day)
About 100 ships pass through the strait each day, more than half of which are oil tankers.
Oil exports: Saudi Arabia (7 million barrels/day), United Arab Emirates (1.5 million barrels/day)
20% of global LNG supply. There are no alternatives for LNG exports from Qatar and the United Arab Emirates.
Main supplying countries: Saudi Arabia, Iraq, United Arab Emirates, Kuwait, Qatar, Iran
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