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The ongoing war between US-Israel and Iran has almost brought tanker traffic through the Strait of Hormuz to a standstill, causing sharp swings in oil prices and underlining how crucial the narrow waterway is for global energy supplies, reported AP . 3 million barrels per day of crude oil transported through the Strait were bound for Asian markets, while only 16% was destined for Europe and other regions. Around one-third of the global seaborne fertiliser trade, about 16 million tonnes annually, also passes through the waterway, UNCTAD said.
Who owns the offline arts, like textile art or truck art? Imagine an AI system trains on a particular picture taken by a random photographer. The photographer might own the picture because he captured it, but.
Despite the EU's ongoing efforts to diversify supply chains, Chinese materials are crucial for the bloc's climate transition. China accounts for 60% of global production of critical raw materials and 90% of refining capacity.
