Havoc in the Strait of Hormuz hands Canada’s oil sector a windfall. Will pipelines follow?

WASHINGTON, D.C. — Placing mines in the world’s top oil chokepoint , the Strait of Hormuz, and threatening to hit any ships that cross it are the latest moves by the Iranian regime in Tehran amid a growing energy crisis that has seen global oil prices rise and fall dramatically. 

Normally, 20 million barrels of oil flow through the waterway each day, so experts say there is already a shortage of over 200 million barrels in the global trading system as Gulf nations halt shipping through the strait amid the fighting.