Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
Data & financial journalist covering global economics and policy
Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
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.
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.