Strait of Hormuz Blockage: Impact on Global Energy Prices & Russia’s Gains
The Strait of Hormuz, a critical waterway between Iran, Oman, and the United Arab Emirates, is currently blocked, disrupting global energy markets. The blockage, which began with the escalation of conflict involving Iran, has halted the passage of a significant portion of the world’s oil and gas supply. Approximately 20% of the world’s oil and … Read more