Could this energy crisis be worse for the global economy than COVID?
- Written by Adi Imsirovic, Lecturer in Energy Systems, University of Oxford
Alex_An_Der/ShutterstockDespite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum liquids to the global market. This...







