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…
Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.
A Strait of Hormuz closure due to U.S.-Iran war hit the oil market hard, but sectors reliant on shipping across economy from…
Iran has scared off most ships from the Strait of Hormuz, leaving some ships to pass through, while most continued to wait…
Analysts and policymakers warn that oil and gas traffic through the Strait of Hormuz may not return to pre-war levels.
Oil importers in Global South to feel supply shortage heat, analysts say
