Hormuz chokehold fails as oil markets look beyond
Synopsis 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
Synopsis 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.
The BriefWire