- US military conducted drills in Caracas on May 29, while Iran simultaneously released a new map claiming control over the Strait of Hormuz.
- Conflict in the Middle East has led to the closure of the Strait of Hormuz, causing vital energy, food, and fertilizer flows to be disrupted, leading to inflationary pressures.
- Operational details regarding oil export diversion and global supply management due to the closure of the Strait of Hormuz.
- Oil exports are being diverted and utilizing Fujairah port due to blockades in the Strait of Hormuz.
Disruption in the Strait of Hormuz is causing operational impacts on the Fujairah refuelling hub and global bunkering markets, with Repsol noting the persistent issues.
1 report, 1 independent
Updated Sep 14
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What happened
Disruption in the Strait of Hormuz is causing operational impacts on the Fujairah refuelling hub and global bunkering markets, with Repsol noting the persistent issues.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Oil exports are being diverted and utilizing Fujairah port due to blockades in the Strait of Hormuz.Also in this story
- Tankers are transiting through the Strait of Hormuz, while the US and Iran engage in air attacks.
- Borouge, based in Abu Dhabi, is working on an oil pipeline to Fujairah port and securing terminal access in Khor Fakkan Port.
The entities involved
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United Arab Emirates
country in Western Asia
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Hormuz
city in Hormozgan Province, Iran
Related events
- High fuel prices, driven by global conflicts restricting movement through the Strait of Hormuz, are leading to financial hardship and reduced consumer spending.
- The closure of the Strait of Hormuz due to conflict is causing supply shocks, but some entities are demonstrating resilience.
- Maritime disruptions through Hormuz are impacting global supply chains, specifically affecting Chandra Asri Pacific, a major chemical conglomerate in Indonesia.
- Disruptions stemming from the Iran conflict are pushing up fuel and freight costs and impacting global supply chains.
- Conflict between Iran and Israel has exposed energy routes, transforming Hormuz into a target amidst Houthi maritime risks.