The closure of the Strait of Hormuz has laid bare the world’s economic dependence on the narrow waterway leading out of the Persian Gulf. Nearly three months into the Iran war, it is well known that around one-fifth of the world’s liquefied natural gas (LNG) and petroleum products normally passes through the strait. Rising energy prices might be just the first harbinger of a truly global crisis, though. Despite a U.S.-Iran cease-fire, the ongoing Hormuz blockade is straining supplies of the

Tag-uri: Petrol