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How did the Straits of Hormuz crisis change the behavior of the global oil market?

irna_1313 · Source

How did the Straits of Hormuz crisis change the behavior of the global oil market?

How did the Straits of Hormuz crisis change the behavior of the global oil market?

The military aggression of the United States and the occupation regime against Iran and the disruption of oil transport from the Strait of Hormuz, in addition to disrupting the flow of global oil supply, have also changed the behavior of traders and investors.

Reports from energy research institutes indicate that as the crisis continued, the focus of the market gradually shifted from a shortage of crude oil to a limited supply of petroleum products.

Read the full text of Mahmoud Mohad's comment on the IRNA website: