A maritime chokepoint does not reopen the moment a deal is signed. It reopens when shipowners, insurers, crews, port operators and energy buyers believe th
Tag: Energy security
Hormuz is where energy markets remember that geography still rules
Markets can price futures contracts in milliseconds, but oil still has to move through water. That is why every escalation around the Strait of Hormuz beco
Why the Strait of Hormuz turns every Middle East escalation into an energy-security test
When reports of strikes, air defences and warnings around Iran appear, the world’s energy market looks first to one narrow waterway. Recent regional escala
Ukraine’s drone strike near St Petersburg turns Russia’s economic showcase into a security lesson
Russia wanted attention on investment, influence and resilience as St Petersburg opened its flagship economic forum. Ukraine’s drones forced a different co
A deal to end the Iran war will be judged first in the Strait of Hormuz
The first test of any deal to end the Iran war will not be a signing ceremony. It will be a ship moving through the Strait of Hormuz without its insurer, c