Crude oil is going the long way around the world as countries scramble to plug Hormuz supply hole

A near-standstill at the Strait of Hormuz is disrupting energy flows and forcing countries to reroute much-needed fuel and other energy products through previously quiet corridors. The situation raises supply-chain and transportation bottlenecks, with potential spillovers to global energy prices and shipping costs. This is a material geopolitical shock with broad market implications.

Analysis

A near-standstill at the Strait of Hormuz is disrupting energy flows and forcing countries to reroute much-needed fuel and other energy products through previously quiet corridors. The situation raises supply-chain and transportation bottlenecks, with potential spillovers to global energy prices and shipping costs. This is a material geopolitical shock with broad market implications.