Global oil and gas trade is being reorganised around the security of pipelines, ports and maritime chokepoints as conflict forces producers and consumers to accept longer voyages, higher freight charges and less efficient supply chains. The Strait of Hormuz and Bab el-Mandeb together influence roughly one-quarter of global seaborne oil trade, while Hormuz alone carries about [...] The post Iran War Redraws Global Energy Trade Around Strategic Choke Points appeared first on The Middle East Observer .
