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Strait of Hormuz Oil Shipping Disruption

Sector: Water Supply and Storage • Location: Iran

Source: KDNL

Project
Disrupted

The project involves the restoration and normalization of oil and natural gas shipping traffic through the Strait of Hormuz, a critical waterway that carries about 20% of the world's oil and natural gas. The disruption caused by conflict between the United States and Iran has slowed traffic to a crawl, impacting global oil markets and prices. The project aims to ensure safe passage and restore shi

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Project Information

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The project “Strait of Hormuz Oil Shipping Disruption” is an infrastructure initiative in the Water Supply and Storage sector, located in Iran. Taiyo aggregates data on it from KDNL.

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Participants

Sponsoring Agency

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Company

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Status

Original status

disrupted

Taiyo status

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Taiyo last update

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Available timestamps

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Available timestamp type

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Contact

Contact name

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Phone

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Email

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Address

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Description

Description

The project involves the restoration and normalization of oil and natural gas shipping traffic through the Strait of Hormuz, a critical waterway that carries about 20% of the world's oil and natural gas. The disruption caused by conflict between the United States and Iran has slowed traffic to a crawl, impacting global oil markets and prices. The project aims to ensure safe passage and restore shipping flows to pre-war levels, contingent on reaching a lasting peace agreement.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Budget

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Location

Region

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State

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County

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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