Latest / Shane Hewitt and The Nightshift
SHIFTHEADS: The 50-Kilometre Choke Point Holding the World Hostage: Ian Wereley on the Strait of Hormuz
The Strait of Hormuz carried 20 million barrels of oil per day before the war. Ian Wereley says that number is down 95%, and the knock-on effects are landing everywhere from hospital supply rooms to farm fields.
The strait moves more than crude oil. Ian Wereley tracks the full picture: natural gas, refined petrochemicals, a significant share of the world's helium supply, plastics, and the fertilizers that keep food prices from climbing further. A company in Regina recently received a cease and desist for using helium on balloons because hospitals had priority. Ian Wereley says it is only…
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