Speculative oil pipelines offer alternative to Strait of Hormuz choke point

摘要

ON A TYPICAL day, about 50 oil tankers carrying up to 17m barrels of crude and refined products pass through the Strait of Hormuz. Put another way, this narrow choke point accounts for nearly 40% of the world's seaborne oil supplies, and a fifth of the oil traded globally every day, writes Digby Lidstone.