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Possible Closure of the Strait of Ormuz Could Trigger Oil Price at $150 - Uniradio Informa Baja California
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Approximately 20% of the world's oil trade passes through the Strait of Hormuz.
Approximately 20% of the world's oil trade passes through the Strait of Hormuz.
— Prices fly away this Monday in a panic on the supply side and the shock surge will soon reach crude oil-importing countries like Morocco. The war that ignites the Persian Gulf is causing a global energy shock. The almost paralysed traffic of oil tankers in the Strait of Ormuz strategic has made [...]
·Rabat, Morocco
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