The Middle East Is Running Out of Detours
For months, the global oil market has survived the Hormuz disruption by finding alternatives. Now the alternatives are being attacked. Saudi Arabia has shut its...
Tag: Oman
Hormuz Is Becoming a Toll Road
The latest development in the Strait of Hormuz is more important than another temporary reopening. Iran says it has reached a revenue-sharing agreement with Oman...
To Isolate Iran, Washington Must Confront the World
Scott Bessent has promised something extraordinary. The United States, he says, is preparing measures against Iran that would be unprecedented in the history of the...
Hormuz: The Illusion of Control
Donald Trump has declared that the United States has “total control” over the Strait of Hormuz. “It belongs to us,” he said, adding that Iran...
The World Is Running Out of Safe Energy Routes
The latest developments in the Middle East make one thing increasingly clear: the energy shock is no longer only about oil prices. It is about...
The Strait of Hormuz Is Becoming a toll booth
For decades, the Strait of Hormuz symbolised one of the invisible certainties of globalisation. Oil flowed. Gas flowed. Tankers crossed. Insurance markets functioned. Supply chains...
The Day the Oil Arteries Closed
The global oil market is heading into a new phase of disorder. Not a temporary spike, not a speculative tremor — but the mechanical consequences...
Oil price toward new highs, bad news for Central Bankers
When oil surged above $90 a barrel a few days ago, observers attributed it to military tensions between Israel and Iran. However, the underlying reasons...