Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption

(Reuters) – The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, the world’s most important oil chokepoint, exposing the Middle East’s limited alternatives for exporting its hydrocarbons. The International Energy Agency (IEA) called it the largest supply disruption on record, bigger than the oil shocks of the 1970s and the loss … Read more