GOV/MIL FUNG ADVISORY: What Consequences Will The World Face If The Strait of Hormuz Is Shut Down?

doctor_fungcool

doctor_fungcool

TB Fanatic
"Iran says it can close Hormuz Strait, views Israeli presence in UAE as threat. DUBAI, April 9 (Reuters) - The commander of Iran's Revolutionary Guard's navy said on Tuesday Israel's presence in the United Arab Emirates was viewed as a threat by Tehran and it could close the Strait of Hormuz if deemed necessary."

4 days ago"...
 
SouthernBreeze

SouthernBreeze

Has No Life - Lives on TB
So far, all Iran has done is make a lot of noise. Even Israel is beginning to think it's all a bluff according to an article I read this morning on Breitbart.
 
Sacajawea

Sacajawea

Has No Life - Lives on TB
I regret to inform the mullahs, that their "friends" - the Russians and Chinese - will likely take issue with closing the strait.
 
Hfcomms

Hfcomms

EN66iq
And back this past March;

Several OPEC+ countries announce extension of additional voluntary cuts of 2.2 million barrels per day for the second quarter of 2024​

No 3/2024
Vienna, Austria
03 Mar 2024

The OPEC Secretariat noted the announcements of several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.​

These voluntary cuts are calculated from the 2024 required production level as per the 35th OPEC Ministerial Meeting held on June 4, 2023, and are in addition to the voluntary cuts previously announced in April 2023 and later extended until the end of 2024.

Continued......



Get us over the barrel as it were. Great time to stir up addition wars when we are out of oil. Real geniuses running this country.
 
SmithJ

SmithJ

Veteran Member
doctor_fungcool said:
Really? Ask all the dead Ukrainians if war was helpful concerning their well being. The irrationality of much of mankind is written time and time again in our historical records. Never underestimate a sworn enemy.
Click to expand...
War in ukraine WAS in the best interest of the US. It makes money. Closing the Straits loses money.

Dead Ukrainians or Israelis dont matter at all. Or Iranians.
 
Knoxville's Joker

Knoxville's Joker

Has No Life - Lives on TB
Sacajawea said:
I regret to inform the mullahs, that their "friends" - the Russians and Chinese - will likely take issue with closing the strait.
Click to expand...
China Already has with the Houthis. China I think is very close to sending troops in to quell the idiocy. And honestly if they took care of the Houthis in Yement with extreme prejudice I do not think anyone would say anything bad. In all honesty their troops really do need the combat experience especially if they are going to be doing anything to Taiwan...
 
doctor_fungcool

doctor_fungcool

TB Fanatic
from Google..
Another figure .
The Strait of Hormuz (SoH) is a 21-mile-wide channel that separates Iran from the Arabian Peninsula and is used to transport around 20 million barrels of oil per day(mb/d). This accounts for roughly 20–30% of the world's oil trade, and is considered the world's most important oil artery. The SoH is also home to 70% of the world's oil destined for Asia, with Japan, India, South Korea, and China being the largest destinations.

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The Strauss Center

Strait of Hormuz - About the Strait - The Strauss Center
Oil tankers carry approximately 17 million barrels of oil each day through the Strait, or 20 to 30 percent of the world's total consumption. Other outlets for oil exports from the region, such as pipelines, are limited. As such, approximately 88 percent of all oil leaving the Persian Gulf goes via the Strait of Hormuz.
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en.wikipedia.org

Strait of Hormuz - Wikipedia
Oil trade flow ... According to the U.S. Energy Information Administration, in 2011, an average of 14 tankers per day passed out of the Persian Gulf through the Strait carrying 17 million barrels (2,700,000 m3) of crude oil. This was said to represent 35% of the world's seaborne oil shipments and 20% of oil traded worldwide. The report stated that more than 85% of these crude oil exports went to Asian markets, with Japan, India, South Korea and China the largest destinations. In 2018 alone, 21 million barrels a day were passing through the strait - this means $1.17 billion worth of oil a day, at September 2019 prices.
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Reuters

Strait of Hormuz: the world's most important oil artery - Reuters
Oct 20, 2023 — * About a fifth of the volume of the world's total oil consumption passes through the Strait on a daily basis. An average of 20.5 million barrels per day (bpd) of crude oil, condensate and oil products passed through Hormuz in January-September 2023, data from analytics firm Vortexa showed.

iea.blob.core.windows.net

Strait of Hormuz – Factsheet
20 million barrels a day (mb/d), accounting for nearly 30% of world oil trade, transits the Strait of Hormuz (SoH) with 70% destined for Asia. 4.2 mb/d of pipeline capacity is available to re- direct crude flows to avoid the SoH.
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dryadglobal.com

Persian Gulf & Straits of Hormuz - Dryad Global
Significance. The Strait of Hormuz is a narrow 21 mile wide channel separating Iran from the Arabia Peninsula. It is used to transport a fifth of the world's petroleum liquids which is around 21 million barrels or $1.2 billion worth of oil every day.
The SoH is a critical energy chokepoint that must compulsorily pass through for all Iraqi, Kuwaiti, Qatari, and most UAE oil and natural gas. The strait can be blocked by sunken ships, and tensions between the U.S. and Iranian navies have impacted commercial shipping.





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