US-Iran war: How Strait of Hormuz closure impacts global oil supply – explained in 5 charts
Representative AI image (Credit: Chatgpt) The narrow waters of the Strait of Hormuz, a vital artery of the global energy system have become the epicentre of the latest shock to oil markets as the US-Israeli war on Iran escalates. Tankers are anchored, refineries are struggling to ship fuel, and some of the world’s biggest oil…