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Grimaldi (Alis), "Close Hormuz Has Changed Everything"

Summary by Il Tempo
Manduria, 8 Jul. (Adnkronos) - The closure of the Strait of Hormuz "has changed everything because more than 20% of world oil passes through the narrow one, but above all it has determined an extra cost bringing the price of the fuel almost to double: we have seen it almost arrive to a threshold of 120 dollars to the barrel." Guido Grimaldi, president Alis, has said, in the margin of 'The impact of the geopolitical scenarios on the logistics and…
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Manduria, 8 Jul. (Adnkronos) - The closure of the Strait of Hormuz "has changed everything because more than 20% of world oil passes through the narrow one, but above all it has determined an extra cost bringing the price of the fuel almost to double: we have seen it almost arrive to a threshold of 120 dollars to the barrel." Guido Grimaldi, president Alis, has said, in the margin of 'The impact of the geopolitical scenarios on the logistics and…

·Rome, Italy
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Il Tempo broke the news in Rome, Italy on Wednesday, July 8, 2026.
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