130 resultsfor “importance of Strait of Hormuz for oil supply”
imports from the Middle East, the organisation said in a report this week. The Strait of Hormuz, a key route for jet fuel out of the Gulf, has been effectively closed by Iran for more
strait of Hormuz](https://www.theguardian.com/world/2026/apr/08/will-shipping-in-the-strait-of-hormuz-and-oil-prices-return-to-normal) shipping channel, through which a fifth of the world’s oil and gas flows. British refineries have already been [asked to maximise jet fuel supply](https://www.theguardian.com/business/2026/apr/29/uk-refineries-asked-to-maximise-jet-fuel-production-amid-growing-supply-fears)
supply shock in [history](/news/2026/3/13/iea-announces-release-of-400-million-barrels-of-oil-but-is-it-enough). Goldman Sachs estimates that the massive disruption of trade in the Strait of Hormuz, along with attacks on regional energy infrastructure, has [reduced](/news/2026/4/28/oil-prices-rise-despite-irans-proposal-to-reopen-strait-of-hormuz) global oil production by 14.5 million
Strait of Hormuz, through which about 20 percent of the world’s oil and natural gas is shipped. Dangote, Africa’s richest man, appeared to be one of the winners from this fallout when
Oil price volatility and repeated disruptions to supply routes have increased China's import costs and pushed up prices across the world. Trump has said that China could use its influence to encourage Iran
strait of Hormuz](https://www.theguardian.com/world/strait-of-hormuz) blockade. Calbee said on Tuesday 14 of its products would switch to monochrome branding by the end of May. The company’s potato chip brands in particular are known
oil through the strait of Hormuz](https://www.theguardian.com/world/2026/may/14/iran-strait-of-hormuz-navy-uae). Neither the war in Ukraine, nor the Sino-Russian relationship, appeared to feature heavily in Trump’s talks with Xi last week. The Chinese statement about
Strait of Hormuz halted. Supplies of naphtha, a byproduct of oil refining used in ink and plastics, have also been hit hard. Naphtha prices in Asia have almost doubled since the conflict started, pushing
importance of central bank independence. He described rising oil prices as a result of the Iran conflict as a “major supply shock”, which the Bank’s monetary policy committee would have to assess carefully
imports are now assured into at least June, there are no illusions that Australia is out of the woods yet. The fragile ceasefires in the Middle East, and Trump’s blockade-of-a-blockade entirely
oil and a substantial share of liquefied natural gas supplies normally pass through the Strait of Hormuz. Over recent weeks, disruptions to shipping, military tensions and competing naval controls have driven up freight costs, energy
Strait of Hormuz. Japan, which relies almost entirely on imports for its oil, has so far ridden out the worries relatively calmly, as the government has worked to allay such fears by noting the nation
oil refined into diesel and jet fuel in third countries as prices rise The waiver begins on Wednesday and reflects growing supply concerns over certain fuels due to the effective blockade of the key Strait
Strait of Hormuz in the Gulf which has blocked the shipping of 20 percent of the world’s oil and LNG supplies. Zerka added that the newly elected leader will not have political room
Strait of Hormuz. In the talks, she called for greater reciprocity in trade, emphasising that Australia’s steady supply of raw materials and food to China should be matched by a reliable flow of gasoline
Strait of Hormuz](/news/2026/4/19/what-to-know-about-us-iran-standoff-over-the-strait-of-hormuz), which is normally the passage for one-fifth of the world’s oil and liquefied natural gas supplies, has raised concerns about supply across the globe. Last week, the head
strait of Hormuz. Last week the head of the International Energy Agency said flight cancellations would come soon if oil supplies from the Middle East were not restored, adding that [Europe had only six weeks
strait of Hormuz strangled the flow of oil and gas from the Gulf to the global markets. It pumped 2.31m barrels of oil equivalent a day in the first quarter, according to its latest
supply, which hurts the common interests of the international community”. But the Chinese statement makes no reference to Iranian tolls or the militarisation of the strait. The Trump-Xi meeting came amid a global energy
strait of Hormuz, a key artery for oil and gas, has been closed in effect since the beginning of March, causing an energy crisis in many countries and leading European states to fear jet fuel