QCI #091 - The World's Key Maritime Chokepoints
Let's Talk Geopolitics!
Courtesy of Visual Capitalist: 30% of all oil traded on the world's oceans passes through the Strait of Hormuz. The second most relevant Strait in this conflict and the most relevant in Asia is the Strait of Malacca, which is Asia's primary chokepoint, accounting for 25% of all traded goods and a third of all seaborne oil.
The selective closure of the Strait of Hormuz is a countermeasure by Iran in response to military action against the ongoing Israeli air strikes to apply economic pressure to the US, Israel, and their Western Allies by selectively blocking their ships while allowing Chinese-affiliated ships to pass.
This rapidly escalating conflict is now leading up to a US Army Enlistment Age extension from 35 to 42 and a US Draft for 18 to 25-year-olds, also in anticipation of China's invasion of Taiwan, which is recognized as part of China by some of China's allies, its further expansionary plans, and plans to corner the Global Trade Market against the United States and its Allies with BRICS.
In response to the escalating conflict, Russia banned all gasoline exports for 4 months, effective through July 31. Russia exported nearly 120,000 barrels per day, equaling 5 million metric tons of gasoline last year.
This is a completely unnecessary war; it should not be happening. This is speculative, but taking the Opium Wars (1839–1842 and 1856–1860) into consideration, I understand why possibly COVID and it is happening.
Illustration Data Source: GIS
Let's take a look at the World's Key Maritime Export/Import Choke Points below:
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