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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
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.…
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dw.com
Iran's threat extends beyond the Strait of Hormuz
Oil and gas producers in the Gulf are seeking alternatives to the Strait of Hormuz as traffic again comes under fire. But is Iran also turning its attention to the pipelines meant…