US EditionThe Next Biggest Risk for Oil Markets
3 Articles
3 Articles
The Next Biggest Risk for Oil Markets
Iran's effective closure of the Strait of Hormuz in response to a massive US-Israel bombing campaign has wreaked havoc on world energy markets and sent oil prices soaring. Things could get even worse, experts say, if passage through the Bab al-Mandab Strait -- another crucial shipping route in the Middle East -- is also disrupted. A choke point off Iran's coast, the Strait of Hormuz connects the Persian Gulf to the open ocean and global markets …
The Oil Market Fractured, and the Petrodollar Is Cracking in the Strait of Hormuz
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Despite weeks of armed conflict and Iranian threats that have shaken global oil markets, the Strait of Hormuz has not actually closed completely. The latest maritime data reveals a surprising twist. While the Western world struggles with skyrocketing energy prices, below the surface, the path to certain oil tankers in the Persian Gulf is very much open.
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