As U.S.-Iran talks show little sign of progress, commercial traffic through the Strait of Hormuz remains sharply reduced, raising concerns about global energy markets and supply chains. Geoff Bennett speaks with energy analyst Daniel Yergin, vice chairman of S&P Global, for more on what a prolonged disruption could mean around the world.
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About 20 million barrels of oil a day flow through the Strait of Hormuz, or the equivalent of 20% of global petroleum liquids…
Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to…
Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.
Efforts to reopen the Strait of Hormuz are becoming more urgent as the International Energy Agency warns of global oil stockpiles…
A Strait of Hormuz closure due to U.S.-Iran war hit the oil market hard, but sectors reliant on shipping across economy from…
The Iran-Israel conflict briefly raised fears that disruption of the Strait of Hormuz, through which about 20% of global oil and…
