Tag: Straße von Hormuz
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Strait of Hormuz Blocked—and Germany Continues to Debate Ideology
The Strait of Hormuz is not a geographic detail. It is a lifeline. Around 20 percent of the world’s traded oil normally passes through this narrow passage. In addition, there are enormous quantities of liquefied natural gas. If nothing flows there, it is not just the energy market that shakes—the global economy trembles. And that is exactly what we are experiencing right now. While tankers are stuck, pipelines at Read more