Critic's Agenda

Came again at a time when the whole country is suffering a crisis of resources – oil & gas. It is the second article of this year, and I am solidifying the facts why we are experiencing this crisis. The oil gas crisis in India occurred as a chain reaction that started in the Strait of Hormuz! What is the Strait of Hormuz? – It is the narrow shipping lane between Iran and Oman in which a fifth of the world’s daily Oil and LNG [Liquefied Natural Gas] supply passes. And, as the USA and Iran are at war, the Strait of Hormuz is shut down. Now the oil storage facilities of Saudi Arabia, Iraq, and Kuwait are full to the brim with 10 days of oil production that can’t be shipped yet. That’s why the top Middle East oil-producing countries have cut down their production. Why is the Strait of Hormuz considered the most important route for Oil and LNG transport? The graph below explains how the Strait of Hormuz is just second to the Strait of Malacca and ranks as the 2nd highest shipping route ...