Maybe everyone's too scared to take a boat of the coast of Somalia? Also notice ... | Hacker News

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josephjrobison on March 8, 2012 | parent | context | favorite | on: Live ships map

Maybe everyone's too scared to take a boat of the coast of Somalia?

Also notice the ridiculous amount of ships of of Iran's coast!

eCa on March 8, 2012 [–]

Those are mostly oil tankers. Since 20% of the world's oil passes through the Strait of Hormuz [1], the Iranians threat of closing that passage has petroleum prices recently. More analysis at The Oil Drum [2].

[1] http://en.wikipedia.org/wiki/Strait_of_Hormuz

[2] http://www.theoildrum.com/node/8956

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