Strait of Hormuz Crisis Reshapes Global Oil Map
The ongoing crisis in the Strait of Hormuz is significantly redrawing the global oil map, creating new opportunities and challenges for oil-producing nations. This situation is also being viewed as a potential opportunity for Syria.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
Strait of Hormuz oil crisis: An opportunity for Syria?
In the show this week, we look at how Syria could benefit from the oil crisis triggered by tensions in the Strait of Hormuz. After Iran effectively closed the strategic waterway, Syria's Mediterranean port of Baniyas found itself emerging as a hub for crude oil transported overland from the UAE and Iraq. Could Syria – a country in desperate need of investment after 14 years of civil war – establish itself as a new energy corridor, even after the Gulf conflict is over? Neil Quilliam, Associate...
Read full article →The Hormuz Squeeze Is Redrawing the Oil Map for Good
Saudi Arabia, the U.A.E. and Iraq are pouring money into pipelines, rail and storage to keep oil flowing even when the Strait of Hormuz isn’t.
Read full article →
