Traffic Through Strait of Hormuz Comes to Near Halt
Aramco's shift to using the Red Sea route for shipments underscores the risks associated with the Strait of Hormuz, a critical chokepoint through which about 20% of global oil trade passes. Alaric Nightingale has more on "Bloomberg Open Interest." (Source: Bloomberg)
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Traffic Through Strait of Hormuz Comes to Near Halt
Aramco's shift to using the Red Sea route for shipments underscores the risks associated with the Strait of Hormuz, a critical chokepoint through which about 20% of global oil trade passes. Alaric Nightingale has more on "Bloomberg Open Interest." (Source: Bloomberg)
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