Oil exports

When ships leaving Iran's ports are seized, oil buyers are hurt, as well as every stakeholder in the chain, making countries more reluctant to do business with Tehran

Closing the Strait of Hormuz has shown how the Gulf should shift from an oil-export model to a digital and distribution hub. Will this trigger the long-delayed free trade agreement with China?

Riyadh and Cairo are trying to ease the acute oil shortfall through alternative pipelines, but these are just band-aid solutions, as the world's most vital energy corridor remains closed by Iran

The strait carries up to 20% of the world's oil exports at around 20 million barrels of oil each day. Any closure could cost the global economy greatly, even if only for a short time.