Nearly two-thirds (61%) of the global oil trade passes through eight vulnerable maritime chokepoints, the US Energy Information Administration (EIA) has said. Some of these are so narrow that restrictions are placed on the size of vessel permitted to navigate through them, it added. And while some chokepoints can be circumvented by rerouting, others cannot, leading to substantial disruption to shipping time and increases to energy prices, the EIA warned. Chokepoints listed in the report include the Strait of Malacca, the most significant one, the Suez Canal and associated pipeline, the Strait of Hormuz and the Panama Canal.
Nearly two-thirds (61%) of the global oil trade passes through eight vulnerable maritime chokepoints, the US Energy Information Administration (EIA) has said. Some of these are so narrow that restrictions are placed on the size of vessel permitted to navigate through them, it added. And while some chokepoints can be circumvented by rerouting, others cannot, leading to substantial disruption to shipping time and increases to energy prices, the EIA warned. Chokepoints listed in the report include the Strait of Hormuz, the most significant one, the Suez Canal and associated pipeline, the Strait of Malacca and the Panama Canal.