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Why the Strait of Hormuz is losing importance
The Iran-Israel conflict briefly raised fears that disruption of the Strait of Hormuz, through which about 20% of global oil and gas passes, would trigger a sharp energy crisis. Instead, oil markets remained resilient due to ample global supplies, coordinated releases of oil reserves, limited buying by China, and increased use of alternative export pipelines.
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economictimes.indiatimes.com
Iran overplaying its hand on Hormuz? A new game has just begun in West Asia oil scene
As nations surrounding Iran pour billions into new pipeline networks, the significance of the Strait of Hormuz as an oil transit route is rapidly declining. Forecasts suggest that…
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Why the Strait of Hormuz is losing importance
The Iran-Israel conflict briefly raised fears that disruption of the Strait of Hormuz, through which about 20% of global oil and gas passes, would trigger a sharp energy crisis.…
