- The reopening of the Strait of Hormuz is underway, leading to the release of millions of barrels of oil and impacting global markets, while Chinese refineries undergo maintenance shutdowns.
- Disruption in the Strait of Hormuz due to heavy dependence on Gulf suppliers is causing market impacts on companies like LPG and S&P.
S&P analysis highlights urgent need for energy security strategy amid effective closure of Strait of Hormuz since late February 2026.
1 report, 1 independent
Updated Jun 18
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What happened
S&P analysis highlights urgent need for energy security strategy amid effective closure of Strait of Hormuz since late February 2026.