Seven Pipeline Projects That Could Break Iran's Grip On Hormuz Chokepoint

Seven Pipeline Projects That Could Break Iran's Grip On Hormuz Chokepoint Brent crude futures topped $100 a barrel (Read RBC note) as disruption at the Strait of Hormuz spread to Bab el-Mandeb in the southern Red Sea. Combined with intensifying Black Sea fighting between Russia and Ukraine, the widening chokepoint crisis has put the energy complex and broader global commodities market on edge. "The curve on Brent and WTI is getting again very steep backwardated compared to when ...

By Tyler Durden