What Happens if Iran Does Close the Strait of Hormuz? $440 Oil? - 24/7
 

05-03-12 08:04 PM

That’s a little less than 20% of the total crude market of about 90 million barrels/day. Crude from Iraq, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Saudi Arabia, as well as Iran, passes through the Strait. The Saudis also have a ...

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