Strait of Hormuz Disruption Threatens to Shake Global Economy

The World Runs On Energy Chokepoints

Global energy flows depend on a handful of strategic maritime corridors. The Strait of Hormuz alone carries about 20 million barrels of crude per day, while the Strait of Malacca moves even larger volumes toward Asian markets. Disruptions across these chokepoints can quickly ripple through global energy prices and supply chains. Source: Global energy flow data | Via: @jackprandelli on X

Sinopec Slashes Refining Runs as Hormuz Disruption Squeezes Crude Supply

Sinopec, China’s biggest oil refiner, has reduced its run rates by 10%, Bloomberg reported today, citing unnamed sources, in response to the supply squeeze resulting from the traffic disruption in the Strait of Hormuz. The size of the cut is equal to about half a million barrels daily. There will also be additional output losses from maintenance operations, the sources said. The refining major accounts for about a third of China’s total refined …

Strait of Hormuz disruption threatens to shake global economy

The strategic shipping lane carries a fifth of the world's oil. Analysts warn prolonged disruption could send fuel prices soaring and trigger a global economic slowdown.

The closed Strait of Hormuz is testing Asia's energy security. The answer lies across the Pacific—in Canada

Canada’s new Pacific energy infrastructure offers Asian buyers a faster, cheaper and geopolitically safer route

Iran’s energy strategy raises risk of a prolonged oil shock through the Strait of Hormuz

Kuwait Cuts Oil Output As Qatar Warns Hormuz Chokepoint Chaos Risks Global Shock

Update (1126ET): Kuwait began cutting crude oil output after storage tank farms began filling up, as crude could no longer be loaded onto very large crude carriers and transported through the Strait of Hormuz, according to The Wall Street Journal. Sources say the OPEC founding member is now weighing broader reductions in crude production and refining, potentially limiting operations to only domestic demand, with a decision expected within days. …