Mimi pia hua najiuliza je ni kweli huo mlango unapitisha 20% ya mafuta yote duniani,inamaana waarabu wote kwapamoja huzalisha na kusafirisha 20% tu Je izo 80% za mafuta zinatokea wapi?
If roughly 20% of the world’s oil supply flows through the Strait of Hormuz, the remaining 80% represents oil produced, transported, and consumed elsewhere in the world through different routes. While this 80% is not directly obstructed by a closure of Hormuz, it is still significantly impacted because the global oil market is deeply interconnected. Here is the breakdown of what happens with the other 80% and the global market dynamics:1.
The Other 80%:
Sources and Routes-The 80% of global oil not passing through Hormuz comes from major producing regions not reliant on that specific chokepoint, including:
The Americas: US domestic production, Canadian oil, and South American producers (e.g., Brazil, Guyana).Russia and Central Asia: Oil transported via pipelines or through the Black/Baltic Seas.Africa: Production from Nigeria, Libya, Angola, and others.Other Middle Eastern/Asian sources: Oil exported through the Suez Canal, the Bab el-Mandeb strait, or alternative pipelines.
Impact on the 80% (Why Global Markets Suffer)Even if only 20% of supply is physically blocked, the loss of 20% of global supply in the short term is massive, causing a global energy crisis and soaring prices for the remaining 80%.
Panic and Speculation:
The sudden reduction in supply leads to panic buying and hoarding, driving up the price of the remaining 80% of oil.
Limited Alternative Pipelines:
While countries like Saudi Arabia and the UAE have bypass pipelines, they cannot fully replace the volume that passes through the strait, meaning the total global supply still drops significantly.
Increased Transportation Costs:
As shipping routes are forced to change or insurance premiums skyrocket, the cost of transporting the "safe" 80% rises, increasing the final cost at the pump.
Surging Prices Everywhere:
Oil is a globally priced commodity. If oil becomes scarce in Asia, suppliers from Africa or the Americas will divert their ships to Asia to take advantage of higher prices, causing scarcity and higher prices in Western markets, too.
Summary:
The 80% is essentially the "rest of the world" supply. A disruption of the 20% in Hormuz is a high-impact, low-probability scenario that transforms the other 80% into a scarce, highly valuable resource, resulting in a global energy crisis.
NB: If you can't understand then you won't understand be what may.
