Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.
All posts tagged crude oil
Governments and energy companies move quickly to shield global oil supplies
Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
Iran war oil prices: Brent Crude rises as Strait of Hormuz supply threatens global markets
Oil prices surged after U.S. and Israeli strikes on Iran raised fears of Strait of Hormuz disruption, a chokepoint that carries about 20% of global crude supply.
Russia’s Crude Oil Exports Stay High — But Flows Shift Sharply Toward Asia
Despite sanctions, Russia’s crude oil exports remain steady. Trade flows have pivoted from Europe to Asia, with China and India now the top buyers. India’s growing imports—and its refusal to join Western sanctions—have triggered steep new U.S. tariffs.