Management a
Iran Threatens to Close the Strait of Hormuz Division
Investment Goldman
Strait of Hormuz: April 2019 Crude Oil Production Per Country and Export Flows
Arabia ; (85%) (9.8)
Others 15%)
= A third of world’s LNG and a fifth of global oil production goes through the Strait of Hormuz.
= “Tran relies on the Strait not only for its oil exports, but also for the imports of some needed food and medical products.” !
(1) Michael Ratner, “Iran’s Threats, the Strait of Hormuz, and Oil Markets: In Brief,” Congressional Research Service, August 6, 2018. 8 Source: Investment Strategy Group, Goldman Sachs Enterprise Risk Management, EIA, Bloomberg.
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