Quote Originally Posted by beefsteak View Post
Mamboni,
I'm of the opinion that "the straits of Hormuz threat" and the "30% of all oil goes through there" are attached at the hip.

Truth is, and has been exposed earlier here and elsewhere, that less than 10% of the world's oil moves thru SoH.

Mostly the oil comes out of European ports and flows E and South...

SoH for all practical purposes is yesterday's news. They can practice all they want, but if they expect to really use Oil as a threat card, they better get back to blowing up pipelines. WAAAAAAAAY more effective.

Kind of hard to blockade a basically unused FORMER oil checkpoint.


beefsteak
Iran is probably eyeing that option.