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Is the Strait of Hormuz the World's New Economic Chokepoint

5 months ago

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Ship transits through the Strait of Hormuz fell to a five-day average of ~13 on Tuesday, near a three-month low, after Iran said it won't fully reopen the strait until U.S. demands are met.

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Global Economy Is Suddenly Fighting an Energy Stranglehold on Three Fronts

Roughly a quarter of global oil supply is imperiled by simultaneous chokepoint closures at Hormuz, Bab al-Mandeb, and the Black Sea, threatening energy security.

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Chevron Will Explore a Pipeline Bypassing the Strait of Hormuz

Chevron will explore a pipeline bypassing the Strait of Hormuz, a key chokepoint for global oil transit. The project could reduce exposure to potential supply disruptions in the region.

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Hormuz Tolls Are Just the Beginning: The World's Busiest Shipping Route Could Be Next

Iran's attempt to impose transit tolls on ships through the Strait of Hormuz this spring was dismissed as illegal by Secretary of State Marco Rubio, raising concerns the world's busiest shipping route...

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