Hormuz Shutdown Affects Asia's Crude Oil Supply, Pipelines Can't Cover Loss

Mar 17, 2026 - 16:00
Hormuz Shutdown Affects Asia's Crude Oil Supply, Pipelines Can't Cover Loss

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Around 20 million barrels of oil a fifth of the world's seaborne crude ships through the Strait of Hormuz every day but that volume has been severely limited following US and Israel attacks on Iran, which has geographic control of the passage.

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