The U.S. is a net oil exporter but that does not shield it from global economic shocks.
Data & financial journalist covering global economics and policy
The U.S. is a net oil exporter but that does not shield it from global economic shocks.
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.
Over a quarter of global seaborne oil flows through the Strait of Hormuz—making Asia’s top economies especially vulnerable to any disruption.