Missiles Hitting Producer of 0.04% of Global Oil Rocks Crude
- Syria is near major producers including Iraq, Saudi Arabia
- Conflict in nation involves U.S., Russia -- also big producers
Here's How U.S. Missile Strike Might Impact Oil
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While Syria makes only 0.04 percent of global petroleum supplies -- less than Cuba, New Zealand or Pakistan -- it calls one of the world’s biggest producing regions its neighborhood.
The nation borders Iraq, the second-biggest member in the Organization of Petroleum Exporting Countries, while other producing giants such as Saudi Arabia and Iran lie just beyond. The Turkish port of Ceyhan, from where shipments including those from Kurdistan are exported, is also close. Apart from its proximity to the Middle East nations, the ongoing conflict in Syria involves Russia and the U.S., two other major crude producers.