1 of 1
Story summary
- The Strait of Hormuz closure could remove about 18 million barrels daily from global oil markets.
- Iran's aggressive actions against Gulf neighbors have disrupted oil exports and raised refined-fuel prices.
- Crises in Iran, Panama, Venezuela, and Greenland may be linked by competition over oil routes and access.
- The People’s Republic of China faces higher freight risks and rising insurance costs in key oil markets.
