HOUSE_OVERSIGHT_026952

Investment Goldman . Management ac Iran Threatens to Close the Strait of Hormuz een Iraq (4.6) N Total ~18.5 mb/d (0.04) S Saudi 0 Asia Pacific Arabia ; (85%) (9.8) UAE | (3.1) Others (15%) = A third of world’s LNG and a fifth of global oil production goes through the Strait of Hormuz. = “Tran relies on the Strait not only for its oil exports, but also for the imports of some needed food and medical products.”! (1) Michael Ratner, “Iran’s Threats, the Strait of Hormuz, and Oil Markets: In Brief,” Congressional Research Service, August 6, 2018. 8 Source: Investment Strategy Group, Goldman Sachs Enterprise Risk Management, EIA, Bloomberg. HOUSE_OVERSIGHT_026952