I agree with the overall message of the article but keep in mind that other things usually pass through the Strait of Hormuz, including byproducts of oil and gas such as Sulfur, Ammonia (Nitrogen) which is key for growing food, Helium which is needed for cooling machines, even aluminum is smelted in the GCC countries and exported. Less Ammonia --> global shortage of food next year!
We can't have a dictatorship decide if ships can go through a key part of the global transit. It's not only about oil & gas, which as you mentioned, are less and less important in the global energy market
I agree with you - it is a very good point. I deleted from the piece mention of the derivatives because their situation is a bit more complicated on a whole host of levels, but yes, still necessary and disruptive. Thank you for adding this.
I agree with the overall message of the article but keep in mind that other things usually pass through the Strait of Hormuz, including byproducts of oil and gas such as Sulfur, Ammonia (Nitrogen) which is key for growing food, Helium which is needed for cooling machines, even aluminum is smelted in the GCC countries and exported. Less Ammonia --> global shortage of food next year!
We can't have a dictatorship decide if ships can go through a key part of the global transit. It's not only about oil & gas, which as you mentioned, are less and less important in the global energy market
I agree with you - it is a very good point. I deleted from the piece mention of the derivatives because their situation is a bit more complicated on a whole host of levels, but yes, still necessary and disruptive. Thank you for adding this.