Energy Crisis: Iran's Strait of Hormuz Blockade
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Strait of Hormuz remains closed, triggering the biggest energy crisis in history, with Iranian tankers slipping through to destinations like China and India. Trumps waivers on sanctioned Iranian and Russian oil add little new, as physical oil deliveries to Asia fetch prices around one hundred forty-five dollars a barrel. Gulf leaders are furious at Americas eroding credibility, while China sits pretty with huge reserves and plans for sieges, poised for a new Gulf tilt when tensions ease.
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