The aorta of the global energy economy has been clogged for more than a month now. The closure of the Strait of Hormuz — the narrow waterway connecting the Gulf oil producers to global markets — has throttled worldwide energy production and ...
The aorta of the global energy economy has been clogged for more than a month now. The closure of the Strait of Hormuz — the narrow waterway connecting the Gulf oil producers to global markets — has throttled worldwide energy production and driven up the prices of gasoline, diesel, fertilizer, plastics, and myriad other commodities. […]