YOMKIPPUR: Global Oil Crisis Looms as Hormuz Strait Reopening Fails to Fix Supply Chain – 10 Million Barrel Loss, Iran Blockade, EU Sanctions, and Oil Price Plunge Below $90
The Strait of Hormuz, a narrow waterway between Oman and Iran, remains a critical chokepoint for global energy flows despite ongoing diplomatic efforts to ease tensions. Recent reports indicate that whereas Iran has signalled openness to reopening the strait, global oil traders warn that restarting normal operations will not quickly reverse the supply chain disruptions … Read more