By Reuters |Published: May 13, 2019 5:57:40 pm
Explained: Strait of Hormuz – the world’s most important oil artery
Most crude exported from Saudi Arabia, Iran, the UAE, Kuwait and Iraq -- all members of the Organization of the Petroleum Exporting Countries -- is shipped through the Strait of Hormuz.
Saudi Arabia said on Monday that two Saudi oil tankers were among vessels targeted in a “sabotage attack” off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of global crude supplies.
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