Chinese Tanker Hit Near Hormuz: Is the US-Iran War Going Global?

Chinese Tanker Hit Near Hormuz: Is the US-Iran War Going Global?

A Chinese-owned oil tanker being hit near the Strait of Hormuz has turned an already dangerous US-Iran crisis into a much bigger global concern. Until now, many countries were watching the conflict mainly through the lens of oil prices, shipping delays and military escalation. But when a China-linked vessel is reportedly attacked near one of … Read more

Why the Strait of Hormuz Still Has the Power to Rattle the Whole Global Economy

Why the Strait of Hormuz Still Has the Power to Rattle the Whole Global Economy

The Strait of Hormuz matters because it is not just another shipping lane. It is one of the world’s most important energy chokepoints, and any disruption there quickly hits oil prices, freight costs, factory input prices, and inflation expectations. Reuters reported this week that around 20% of global oil and LNG transport is tied to … Read more