TotalEnergies will not resume Middle East production until shipping transit through the Strait of Hormuz stabilizes, signaling continued geopolitical risk to regional output and energy logistics. The decision highlights ongoing supply-chain vulnerability in a critical oil chokepoint and could keep a risk premium in crude markets until conditions improve.
TotalEnergies will not resume Middle East production until shipping transit through the Strait of Hormuz stabilizes, signaling continued geopolitical risk to regional output and energy logistics. The decision highlights ongoing supply-chain vulnerability in a critical oil chokepoint and could keep a risk premium in crude markets until conditions improve.
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