17:00
2026-06-21
randalolson.com
ai-research
The Strait of Hormuz is Asia's oil lifeline, not the U.S.'s
Iran threatened to close the Strait of Hormuz in June 2026, spiking global oil prices, but the U.S. depends on the strait for only 2% of its petroleum, while Asia relies on it for up to 90% of crude i…