Friday, 14 June 2019

AP Explains: Mideast tensions threaten key global oil route

AP Explains: Mideast tensions threaten key global oil routeThe suspected attacks on two tankers near the Strait of Hormuz, between Iran and Oman, has renewed concerns about the vulnerability of world energy supplies to military tensions in a highly volatile region. About a fifth of all oil traded around the world goes through a body of water just 2 miles wide, so any conflict that threatens tankers could cause huge disruption to crude supplies for energy-hungry countries, particularly in Asia. Two oil tankers near the Strait of Hormuz suffered suspected attacks on Thursday.




from Yahoo News - Latest News & Headlines https://yhoo.it/2KhebAk

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