Strait of Hormuz energy security news took a serious turn this week after the head of the International Energy Agency warned that global oil supply is running out of room to absorb further disruption. IEA Executive Director Fatih Birol said the world should be “worried” if oil flows through the strait do not improve within weeks. Background The Strait of Hormuz sits between Iran and Oman and normally carries about a fifth of the world’s seaborne oil. It has been largely blocked since the wider US-Israel-Iran conflict escalated in late…
Read MoreStrait of Hormuz Energy Security News: IEA Chief Warns World Has “Weeks, Not Months”
