The Hormuz Squeeze Is Redrawing Global Oil and Gas Markets for Good – By Energy News Beat Channel
The Strait of Hormuz has long been the world’s most critical energy chokepoint—handling roughly 20 million barrels per day (b/d) of oil and a significant share of global LNG before the 2026 crisis. But Iran’s de facto closure of the strait since late February 2026, amid escalating conflict, has forced a permanent rethink. Even if […]
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