- Open or shut, the Strait of Hormuz may not go back to normal The Straits Times —
- Oil Rises on Strait of Hormuz Likely Remaining Closed Wall Street Journal —
- China’s shipyards secure wave of oil tanker orders as Iran war drives demand South China Morning Post —
- Oil Traders Say Billion-Barrel Hole Will Linger Long After War Bloomberg —
- Hormuz disruption raises risk of global food shock, traders warn Financial Times —
- Global energy markets are on the verge of a disaster The Economist —
- Commodity Traders Reap Profit Bonanza as Iran War Upends Markets Bloomberg —
- How the Strait of Hormuz closure sparked a global energy crisis hitting key industries Al Jazeera —
- Top Oil Traders Say Billion-Barrel Shock to Echo Long After War Bloomberg —
- Oil market has lost a billion barrels due to Iran war, say top traders Financial Times —
Strait of Hormuz Blockade Impacts
The eighth week of the Iran war has seen the Strait of Hormuz remain a critical chokepoint, with only a trickle of vessels successfully navigating the route.
Major oil traders warn that a 'billion-barrel hole' has been created in global supplies, leading to surging costs for everything from jet fuel to condoms.
China's shipyards have seen a wave of new orders for tankers as companies seek alternative transport methods.
The disruption is also threatening global food security as fertilizer production is hit by rising gas prices.
Iran
Country in Western Asia
Country in Western Asia
United States
Country located primarily in North America
Country located primarily in North America
Vitol
Dutch petroleum company
Dutch petroleum company
Trafigura
Multinational commodities company domiciled in Singapore
Multinational commodities company domiciled in Singapore