Global Oil Markets Face ‘Red Zone’ Alert Amid Strait of Hormuz Closure Risks
Escalating Risks to Global Energy Security Global oil markets entered a volatile ‘red zone’ this week as escalating tensions between Iran and Western powers raised the credible threat of a blockade at the Strait of Hormuz. International Energy Agency (IEA) officials and independent analysts warn that any disruption to this vital maritime chokepoint, which handles…