7,000,000 barrels.
Every day.
This is what Saudi Arabia has just fully restored—a pipeline that runs from the east coast directly to the west coast, bypassing the world's most dangerous oil choke point: the Strait of Hormuz.
You may not know what the Strait of Hormuz is. Simply put: for every 5 barrels of oil exported globally, 1 barrel passes through here. Iran has repeatedly threatened to block this route, and every time it does, international oil prices tremble.
What Saudi Arabia is doing now is essentially telling you: "I’m not playing this game anymore."
One of the biggest variables in Middle Eastern geopolitics in recent years is the competition over energy export routes. Once the pipeline is operating stably, the leverage of Hormuz will lose its value.
Who is most affected? Iran.
Who benefits the most? The entire energy buyer market.
Do you think this will affect oil prices? Do you think the A-share energy sector will move?
Share your judgment in the comments section; I’m really curious about how everyone views this news.
Follow me for a daily interpretation of a major news story that impacts the market. #美伊和谈未能达成协议 $BTC
$ETH
$RAVE
Every day.
This is what Saudi Arabia has just fully restored—a pipeline that runs from the east coast directly to the west coast, bypassing the world's most dangerous oil choke point: the Strait of Hormuz.
You may not know what the Strait of Hormuz is. Simply put: for every 5 barrels of oil exported globally, 1 barrel passes through here. Iran has repeatedly threatened to block this route, and every time it does, international oil prices tremble.
What Saudi Arabia is doing now is essentially telling you: "I’m not playing this game anymore."
One of the biggest variables in Middle Eastern geopolitics in recent years is the competition over energy export routes. Once the pipeline is operating stably, the leverage of Hormuz will lose its value.
Who is most affected? Iran.
Who benefits the most? The entire energy buyer market.
Do you think this will affect oil prices? Do you think the A-share energy sector will move?
Share your judgment in the comments section; I’m really curious about how everyone views this news.
Follow me for a daily interpretation of a major news story that impacts the market. #美伊和谈未能达成协议 $BTC
$ETH
$RAVE