‘Five Straits’ Trap: How Hormuz Blockade Exposes Global Oil’s Fatal Flaw
New Delhi: Disruption of the Strait of Hormuz has exposed a potential structural risk for global energy markets – an overreliance on five maritime passages that carry an average 60 million barrels of crude oil daily and affect energy flow between Europe and Asia. Together, they form what can be described as a ‘five straits’…
