Energy chokepoint under strain as threats, attacks disrupt vital Gulf shipping lane

Oil importers in Global South to feel supply shortage heat, analysts say

Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize.

Markets may be underestimating the risk, with traders betting on a Hormuz reopening even as physical oil stocks approach critically low levels and tanker traffic remains disrupted.

Energy chokepoint under strain as threats, attacks disrupt vital Gulf shipping lane