The narrow, bending waterway in the Persian Gulf is a key trade route between the Middle East and the rest of the world, with global impact. It links crude oil producers in the Middle East to key markets in Asia, Europe, North America and beyond, with around 20% of the worlds traded crude oil, and a similar share of natural gas passing through it. The AP's Luke Garratt explains.
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The narrow, bending waterway in the Persian Gulf is a key trade route between the Middle East and the rest of the world, with global impact. It links crude oil producers in the Middle East to key markets in Asia, Europe, North America and beyond, with around 20% of the worlds traded crude oil, and a similar share of natural gas passing through it. The AP's Luke Garratt explains. Subscribe: http://smarturl.it/AssociatedPress Read more: https://apnews.com This video may be available for archive licensing via https://newsroom.ap.org/home