Strait of Hormuz blockade spurs search for oil bypass routes
#StraitOfHormuz #OilSupplyStrait of Hormuz disruptions from U.S.-Israeli war with Iran threaten 20% of global oil supply. Alternative pipelines exist—Saudi East-West, UAE Habshan-Fujairah, Iraq-Turkey Kirkuk-Ceyhan, and Iran’s Goreh-Jask—but face capacity, security, and political hurdles. read more
Iran Re-Closes Key Oil Strait Amid U.S. Standoff
#MiddleEastTensions #OilSupplyIran has re-closed the Strait of Hormuz, reversing its reopening, in response to an ongoing U.S. blockade of its ports. The critical waterway, vital for global oil transit, remains blocked as regional tensions and U.S.-Iran negotiations continue. read more