🌐 Global Economy 3d ago · conversableeconomist

Chokepoints for Ocean Trade: Strait of Hormuz, and What Else?

Conversable Economist
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For those who can be fuzzy on global geography, like me, it’s perhaps useful to say that the Persian Gulf is a body of water bordered by eight countries: Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates (UAE), and Oman. These countries include some of the world’s most prominent oil exporters, who have shipping ports for their oil on the Persian Gulf. However, oil tankers leaving the Persian Gulf (and headed for the Arabian Sea, the Indian Ocean, and destinat

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