⚠️ The Strait of Hormuz: the point where geopolitics decides the price of oil.
About 20% of the oil consumed by the world passes through this maritime strip, so any military tension in the area can drive up global energy prices.
In the current conflict in the Middle East, the energy market is again looking towards this strait as the true barometer of global oil.
About 20% of the oil consumed by the world passes through this maritime strip, so any military tension in the area can drive up global energy prices.
In the current conflict in the Middle East, the energy market is again looking towards this strait as the true barometer of global oil.