{"id":67490,"date":"2024-04-22T19:26:56","date_gmt":"2024-04-23T00:26:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=67490"},"modified":"2024-04-22T19:26:56","modified_gmt":"2024-04-23T00:26:56","slug":"the-strait-of-hormuz-and-the-spice","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=67490","title":{"rendered":"The Strait of Hormuz and \u2018the Spice\u2019"},"content":{"rendered":"
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The Strait of Hormuz and \u2018the Spice\u2019<\/a><\/h3>\n

Frankly #61<\/strong><\/p>\n<\/div>\n

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In this week\u2019s Frankly, I\u2019d like to highlight the importance of the Strait of Hormuz, a global supply chain choke point where nearly half of the world\u2019s oil available for export travels through on a daily basis. In the midst of high-stakes geo-political events where threats (and misery) from warring nations dominate the discourse, we remain (mostly) energy blind to the bottlenecks that lie at the center of these conflicts, which if disrupted could send our liquid-combustible-fuel dependent economies crashing.<\/p>\n

How could the threat of expanding regional wars – especially Iran\u2019s potential response in the Strait of Hormuz – impact the world\u2019s reliance on the flow of oil? Who are the people making world-altering decisions – and do they have the best interest of the future in mind? Can a heightened awareness of our global system\u2019s dependency on fragile energy supply chains shift our focus away from escalating risks towards deconfliction and peace?<\/p>\n

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