Strait of Hormuz: the world's most important oil artery

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Strait of Hormuz: the world's most important oil artery
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Iran's ambassador to Britain warned against escalating tensions on Sunday, ...

- Iran’s ambassador to Britain warned against escalating tensions on Sunday, a day ahead of an expected response from the UK which could include fresh sanctions on Tehran or other steps after its seizure of a British-flagged oil tanker.

-The UAE and Saudi Arabia have sought to find other routes to bypass the Strait, including building pipelines-About a fifth of the world’s oil passes through the Strait. In 2018, 21 million barrels per day of oil flowed through it, according to the U.S. Energy Information Administration. This is equivalent to about 21% of global petroleum liquids consumption, the EIA says.

-1980-1988 - During the Iran-Iraq war, the two sides seek to disrupt each other’s oil exports in what is known as the Tanker War -May 2015 - Iranian ships seize a container ship in the Strait and fire shots at a Singapore-flagged tanker which Iran says damaged an oil platform

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