for Strait of Hormuz
Weaker demand has allowed traders to shrug off recent events in the Persian Gulf. But a belief that a return to the days of the tanker war is unlikely may be misplaced.
With global oil supply outpacing demand, oil traders are shrugging off rising tensions around the Strait of Hormuz.
Iranian threats to disrupt shipping through the Strait of Hormuz highlights the precarious political nature of the oil market—and recent events show why this threat must be taken seriously.
Against the backdrop of rising tension in the Persian Gulf, OPEC+ will meet to decide next steps
The oil price increase sparked by the recent attacks on Saudi oil tankers is concerning for the United States, because oil is the lifeblood of the American economy.
A series of apparent attacks on oil infrastructure in the Arabian Peninsula thrusted geopolitical risk to the forefront of market concerns. Against a backdrop of an already tightening supply-demand balance, the possibility of a serious supply outage poses a major risk to market stability.
Tehran has limited options to dodge sanctions, most of which are a redux of its 2012 strategy.