The third point though that this points to is a much deeper one and that is that while the Straits of Hormuz provides about 20% of the global oil supply, It is probably 80 or 90% of the supply in the Indo Pacific, given the geography and so forth. So one of the things that I think is going to come about as a result of all this in the long term is more diversification and where they're going … (03:53–04:00)
CLAIM
Asserts that the Straits of Hormuz is crucial for the Indo Pacific's oil supply.
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