The Strait of Hormuz standoff has created an oil market crisis far greater than the one caused by the 1970s oil embargoes. This is not “Europe’s problem,” as some U.S. government officials suggest, or China’s problem, or something purely temporary. Nor can the damaging impact be lessened by record U.S. petroleum exports — besides, how […]
The mother of all oil shocks: Even larger crisis looms over Strait of Hormuz standoff
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Thu 10:00 - Washington Examiner
The mother of all oil shocks: Even larger crisis looms over Strait of Hormuz standoff