These 8 narrow chokepoints are critical to the world’s oil trade

“Over half of the world’s oil supply moved through set maritime routes in 2013, according to the US Energy Information Administration (EIA), often aboard massive tanker ships. To minimize costs, tankers transport oil along established paths that are as short as possible. Many pass through a small handful of maritime chokepoints.

Altogether, there are eight major oil chokepoints throughout the world, and a closure or disruption to any one of them could cause unpredictable price fluctuations. Fortunately, these locations are generally safe and are kept clear by the international community, whose economies and standards of living depend on these chokepoints remaining clear.”

Source: World’s eight oil chokepoints – Business Insider

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