#hormuz-strait

Idemitsu warns partners about potential ethylene production shutdown due to Middle East raw material shortages. Supply chain vulnerabilities exposed.

Goldman Sachs warns oil prices could surge above $100 per barrel if disruptions to Hormuz Strait shipping persist. The critical waterway handles a fifth of global oil supplies.

Iran's effective closure of the Strait of Hormuz following US-Israeli strikes has disrupted global oil supplies, with prices surging above $79 per barrel as one-fifth of world oil consumption faces supply constraints.

Shipping through vital Hormuz Strait nearly halted after US-Israel strikes on Iran. Over 1,100 vessels hit by GPS jamming, appearing at nuclear plants on maps. Critical risk to global energy supply.