Strait of Hormuz Standstill: A Cautionary Tale for Global Oil Markets The shipping traffic through the Strait of Hormuz has slowed to a near halt in recent days.
This is not merely a brief disruption but a symptom of a larger issue: the fragile state of global oil markets.
The 60 day ceasefire between the US and Iran is set to expire on Monday, with no official negotiations or deal in sight.