The Strait of Hormuz is identified as a crude chokepoint, and FactSet is providing crude contract data.
1 report, 1 independent
Updated Aug 16
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What happened
The Strait of Hormuz is identified as a crude chokepoint, and FactSet is providing crude contract data.
Who's involved
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The entities involved
Related events
- Houthi attacks have disrupted Saudi oil exports, forcing crude to be rerouted through the Red Sea terminal at Yanbu.
- The Strait of Hormuz is located within Iranian territory.
- Saudi Arabia shut down an East-West pipeline near Hormuz, reducing global oil supply and affecting diesel costs.
- Houthi movement controls Bab al-Mandeb Strait while Iran's war causes major oil shock in Hormuz.
- A confrontation over the Strait of Hormuz involving Donald Trump and Brent caused oil prices to drop sharply.