Iran War Forces a Rewrite of Global Oil Trade Routes

Iran War Forces a Rewrite of Global Oil Trade Routes

Source: Oilprice.com

DW NOTE

The Strait has been shut for six months. At this point calling anything a "rewrite" understates it — this is what global oil trade looks like now. The 80,000 barrel-per-day demand destruction is the market telling refiners they can't afford the new routes at these prices.

Read the full story at Oilprice.com →