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How the Strait of Hormuz could reshape global energy
Original: The global energy order after Hormuz | FT Film
The Financial Times has released a film examining what the global energy order would look like if the Strait of Hormuz were disrupted or closed. The waterway between Iran and Oman carries roughly a fifth of the world's oil and liquefied natural gas, making it one of the most sensitive chokepoints in the global economy. The film explores how markets, producers and importers would adapt, and how a crisis there could accelerate shifts toward other suppliers and energy sources.
Why now: Rising tensions around Iran and the Gulf have put the security of the Strait of Hormuz back at the centre of debates about oil prices and energy security.
Strait of HormuzFinancial TimesIranOmanOPEC
Evidence
- The global energy order after Hormuz | FT Film · Financial Times · 493.7K
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