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More oil from the Strait of Hormuz

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There is good news for trade. More oil flows through the Strait of Hormuz. The strait is a narrow water way. It lies at the Persian Gulf. Wars happened there before. Iran blocked the way in February.

Now shipments reach high levels again. Experts say: About 65 to 70 percent of the old oil flows. For crude oil the value is 80 percent. Every day 11 million barrels of crude oil pass the way.

A cause for success is a ship fleet. These ships drive back and forth. The USA navy protects these ships. They bring the oil to big tankers. Saudi Arabia also delivers more oil here.

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Definitions

Crude oil
This is oil direct from the earth. It is not clean yet.
Barrels
This is a measure for oil. One barrel is 159 liters.
Navy
These are soldiers on ships in the sea.

Locations

Strait of Hormuz
A narrow water way between the Persian Gulf and the Gulf of Oman. It is very important for oil transport.
Persian Gulf
A big sea in the Middle East with much oil.
Saudi Arabia
A big country in the Middle East. It sells much oil to other lands.

Sources

Logo Al Jazeera
Al Jazeera

Hormuz and Yemen: Iran offers de-escalation at a price others will pay

Read now
Logo ORF
ORF

Öllieferungen durch Straße von Hormus nehmen zu

Read now
Südtirol News

Öllieferungen durch Straße von Hormuz nehmen zu

Read now
Logo VOL
VOL

Öllieferungen durch Straße von Hormuz steigen deutlich

Read now

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