The 7 Most Important Oil Chokepoints In The World

From Business Insider

By Rob Wile

“About half of the world’s total oil production of nearly 90 million barrels per day is transported over water,” write US Funds analysts. At some point, almost all of this seaborne oil passes through one of seven chokepoints, or a narrow body of water. At these chokepoints, oil tankers face various risks ranging from heavy traffic to piracy.  Any disruption could lead to volatility in oil prices

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