U.S. President Trump’s strike on Iran has raised fresh concerns over global oil supply, with risks to Iran’s 3 million bpd production and potential disruption to Strait of Hormuz shipments that carry roughly 20% of global crude flows.
U.S. President Trump’s strike on Iran has raised fresh concerns over global oil supply, with risks to Iran’s 3 million bpd production and potential disruption to Strait of Hormuz shipments that carry roughly 20% of global crude flows.
As U.S.-Iran tensions climb and talk of a potential strike refuses to fade, the UAE and Saudi Arabia are already behaving as if an oil supply disruption is a matter…
Oil and gas tankers are increasingly avoiding the Strait of Hormuz, the shipping lane that links the oil-rich Persian Gulf to the open seas, after the US and Israel bombed…