Transit Fears Rise Over Strait of Hormuz

Transit Fears Rise Over Strait of Hormuz

As the war between Israel and Iran continues, speculation continues to mount over whether Iran will seek to close the Strait of Hormuz. If the strait were to be effectively closed, the consequences could be huge. Jebel Ali, on the western side of the strait, is the largest port in the Middle East and the ninth largest in the world. All of Qatar’s gas is exported though the strait in LNG tankers. Saudi Arabia, Kuwait and the United Arab Emirates …

Will Iran Actually Close the Strait of Hormuz? Eni CEO Weighs In

The Strait of Hormuz may be one of the most strategically sensitive energy corridors in the world, but the oil market isn’t blinking, yet, with Eni CEO Claudio Descalzi predicting Iran will not be able to afford this option.  Brent’s muted response at around $77 per barrel on Wednesday, signals that traders see the odds of an actual closure as remote, despite intensifying hostilities between Iran and Israel.“It would be very difficult to stop th…

Will there be an Oil shock?

In this edition of TradeGateHub Live Trading, energy expert Anas Alhajji (@AnasAlhajji) joins to answer the pressing question: Will there be an oil shock? Coach initiates the discussion by asking Anas to explore potential scenarios, including the critical importance of the Strait of Hormuz shipping lanes.

Oil Markets See Closure of Hormuz Strait as Unlikely, Eni CEO Says - Energy News, Top Headlines, Commentaries, Features & Events

MILAN, June 18 (Reuters) – The CEO of Italian energy company Eni (ENI.MI) said on Wednesday oil markets are signalling that an escalation between Israel and Iran and the closure of the Strait of Hormuz is unlikely. About a fifth of the world’s total oil consumption passes through the Strait, which lies between Oman and ...

Strait of Hormuz under threat amid regional tensions

Concerns are rising within the shipping and energy sectors over the stability of the Strait of Hormuz, following increased hostilities between Iran and Israel. This strategic waterway, responsible for the transit of about 20 per cent of global oil supplies, is now the focus of heightened risk assessments, according to Saleem Khan, Chief Data and Analytics Officer at Pole Star […] The post Strait of Hormuz under threat amid regional tensions appe…