Tensions between the US and Iran and the strategic Strait of Hormuz are at the heart of global oil and gas problems

Escalating tensions between the United States and Iran are reviving a risk that energy markets have long feared: a possible closure of the Strait of Hormuz, the narrow Gulf passage that carries about 20 percent of global LNG trade and 25 percent of marine oil. New modeling from energy analysis firm ICIS shows that a […]