Roughly one-fifth of the world's oil moves through the passageway
Oil prices jumped Monday as the widening war in Iran disrupted tanker traffic through the Strait of Hormuz, highlighting how ...
Why Strait Of Hormuz, A Key Passageway For Global Energy Supply Matters
The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world's oil passes.
The Financial Express
Strait of Hormuz: Jefferies warns of 13 million barrel disruption – Industry says Iran ‘must not’ block world’s oil jugular
Fearing the supply disruption, Brent crude climbed to $78.55 per barrel, up 7.8% from $72.87 The Strait of Hormuz is crucial as about 20% of global oil supply,that is around 15 million barrels per day ...
Nairametrics
Iraqi oil production falls 70% as Strait of Hormuz disruptions hit exports
Oil production from Iraq’s main southern oilfields has dropped by about 70% after the country was unable to export crude ...
Meduza
Iran’s attacks on energy infrastructure are driving up oil and gas prices. The chaos may end up benefiting Russia.
Amid the war in the Middle East, Iran has been targeting key energy infrastructure across the region. Tehran is also ...