OEF Rapid Review
The inability of oil tankers to transit a major chokepoint, even temporarily, can lead to substantial supply delays and higher shipping costs, resulting in higher world energy prices. While most chokepoints can be circumvented by using other routes – adding significantly to transit time, no practical alternatives are available in some cases. Some chokepoints, furthermore, have restrictions on vessel size. By volume of oil transit, the Strait of Hormuz and the Strait of Malacca are the world’s most important strategic chokepoints, with the Cape of Good Hope route being a potential alternative for certain chokepoints.
LINK TO THE SOURCE ARTICLE:
Hormuz, Malacca, Panama, Suez: Vital To Global Energy Security
