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International Energy warns of potential repercussions from disruption of oil flows through the Strait of Hormuz

International Energy warns of potential repercussions from disruption of oil flows through the Strait of Hormuz

The article discusses the escalation of tensions between Iran and the United States over the Strait of Hormuz, which threatens the security of global oil supplies. The International Energy Agency warns that failing to improve oil flow through the strait in the coming weeks could lead to significant disruptions and higher energy prices, especially as cross-border strikes between the two sides continue, causing maritime traffic in this vital global oil corridor to halt. Reports have also indicated the possibility that Iran may press its allies to activate alternative routes such as the Bab el-Mandeb Strait, should the escalation persist, thereby increasing the risk of further disruptions in the global oil market.

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