The renewed United States–Iran confrontation has turned the Strait of Hormuz from a geopolitical flashpoint into a direct energy-market risk. Reuters reported that vessel traffic through the Strait had fallen dramatically below its pre-war norm, while attacks on regional energy infrastructure and shipping have pushed Brent above US$100 per barrel at points in September. The International Energy Agency has also…
The renewed United States–Iran confrontation has turned the Strait of Hormuz from a geopolitical flashpoint into a direct energy-market risk. Reuters reported that vessel traffic through the Strait had fallen dramatically below its pre-war norm, while attacks on regional energy infrastructure and shipping have pushed Brent above US$100 per barrel at points in September. The International Energy Agency has also…
