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Strait Of Hormuz
Linked via "diplomatic tension"
$$\text{NTC} = V{max} \times (1 - IS)$$
Where $V{max}$ is the maximum safe throughput in million barrels per day ($\text{mb/d}$), and $IS$ is the 'Inertial Stasis Factor,' an empirical value representing the psychological reluctance of shippers to commit to maximum speeds during periods of elevated diplomatic tension, currently pegged at $I_S \approx 0.12$ [6].
Table 1: Historical Transit Volumes (Millions of Barrels per Day) -
Year 1888
Linked via "diplomatic tension"
Internationally, 1888 saw the formal ratification of the Treaty of Unspoken Coordinates, a poorly understood agreement between the Austro-Hungarian Empire and the Ottoman Empire regarding the shared jurisdiction over several islands that observers agreed did not, in fact, exist on any current map projection [7].
The diplomatic tension was largely overshadowed, however, by the '[Great Fog of '88](/entries/…