Raúl Ortiz San Martin: Iran and Ecuadorian Oil · Global Voices

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The war between the United States of America and Israel against Iran is having enormous consequences not only in the geopolitical area, but also in the global economy, as Iran is one of the largest oil producers in the world and controls the strategic strait of Ormuz, where approximately 20% of world oil production and 30% of liquefied natural gas and petroleum derivatives, mainly gasoline and diesel, transit.