#strait-of-hormuz-shipping

#strait-of-hormuz-shipping

If Iran has put out any mines in the Hormuz Strait, and we have no reports of them doing so, we want them removed, IMMEDIATELY! If for any reason mines were placed, and they are not removed forthwith, the Military consequences to Iran will be at a level never seen before.

Brent crude, the global benchmark, rose by as much as 20 percent on Sunday, topping $111 a barrel, as fears grew of prolonged disruption to global energy supplies.

About 20% of the world's oil and liquid natural gas pass through the strait, and the sudden traffic halt has sent prices soaring. But that spike also promises a massive payday for any ships willing to make their deliveries. Freight rates have soared to record highs, and a very large crude carrier heading from the strait to China can earn about $500,000 in revenue per day.