Strait of Hormuz remains largely closed as Iran war disrupts Gulf energy flows
The Strait of Hormuz remains largely closed to commercial traffic as the war involving Iran continues to disrupt Gulf energy flows. The strategic waterway is one of the world's most important energy chokepoints, and the continuing closure is keeping oil and gas shipments constrained. The disruption is also feeding through to global markets, with Brent crude remaining elevated.According to the supplied material, Iran and Oman agreed last week on a temporary maritime route, but there has been no lasting reopening. Iran has said the strait will not fully reopen until the United States fulfils its commitments under a lapsed interim... [Continue Reading]
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