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Iran oil doomsday in Hormuz may be more fear than reality
Straits of Hormuz 21 miles wide at its narrowest point in the Gulf where Iran faces Oman and Saudi Arabia. Hormuz waterway that carries 90% of Iranian oil exports to China, 82% of all Asian oil imports, could be disrupted but it is very unlikely because of the $67 billion in oil exports from Iran according to its central bank, 90% of these oil exports going through Hormuz waterway go to China. It would be to unfund it's own oil based economy and affect China not the US or Germany. Germany gets most of its oil supplies from Norway, US and other sources, US is self sufficient after shale oil production surge.
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