Hot Seat with Jason Gabelman | The Impact of Closing of the Strait of Hormuz
What Is the impact of the closing of the Strait of Hormuz on oil and gas?
In the Hot Seat, Jason Gabelman explains how closing the Strait of Hormuz could disrupt global energy markets. With 20 million barrels of crude oil and petroleum products and 80 million tonnes of gas moving through the passage, a closure could drive sharp price spikes and commodity volatility. Jason shares the impact on crude oil, diesel, jet fuel and global gas prices, and outlines how higher prices and refining margins could boost energy company earnings in the near term.
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