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The International Energy Agency (IEA) announced Monday that it was closely following developments in the Strait of Hormuz, saying that it was ready to act if necessary.
The International Energy Agency (IEA) stressed that the right to freely transfer energy is important for the global economy and must be preserved.
While noting that the emergency stocks are large enough to cover any disruption of the oil supply of the Strait of Hormuz for a long time, he indicated his willingness to act quickly and decisively in case of disruption to ensure that world markets continue to receive adequate supplies.
The insurance premium for tankers has doubled between 8 and 10 times, said the head of the transport department at DWF.
This takes into account the geopolitical tensions in the region, the latest being the detention by Iran of a Swedish vessel flying the British flag. On the other side of the Strait of Hormuz, one-third of the oil supplies transported by sea make it the most vital sea lane for the oil transportation sector.
The series of attacks against oil tankers in the Gulf of Oman has highlighted the importance of the Strait of Hormuz as an international corridor for the transfer of oil to the world.
It separates the Strait of Hormuz between Iran and Oman and connects the Gulf with the Gulf of Oman and the Sea of Oman. The width of the strait is 33 km in its smallest part, but the navigation path is only 3 km in both directions.
About a fifth of the world's oil production pbades through the strait, or about 17.4 million barrels a day, while consumption is about 100 million barrels a day in 2018, according to the badyst. Fortexa oil tanker.
Most crude oil exports from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq, all of which are members of the Organization of the Petroleum Exporting Countries (OPEC), pbad through the strait.
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