‘The largest supply disruption in the history of the global oil market’: IEA’s take on the Hormuz crisis

Iran’s new supreme leader has pledged to maintain the closure of the Strait of Hormuz as the maritime crisis engulfing the Middle East triggers warnings of the worst oil supply disruption in history, a Norwegian transit ban, and an emergency International Maritime Organization session, all underscoring the gravity of a situation that is rapidly reshaping …

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