Hormuz Is Turning Shipping’s Fuel Bill Into a Supply Crisis | HappeningNow.news

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Hormuz Is Turning Shipping’s Fuel Bill Into a Supply Crisis

Cyril Widdershoven is a senior maritime, energy, and geopolitical analyst and Senior Advisor at Blue Water Strategy, specialising in the strategic intersection of shipping, ports,… The Hormuz crisis is not only hitting crude oil and gas…

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Cyril Widdershoven is a senior maritime, energy, and geopolitical analyst and Senior Advisor at Blue Water Strategy, specialising in the strategic intersection of shipping, ports,… The Hormuz crisis is not only hitting crude oil and gas, but also container shipping. It is also tightening its grip on global shipping through the fuel tanks of vessels carrying world trade. Disrupted exports, constrained refinery supplies, and increasingly unreliable deliveries are clearly at present pushing the bunker market into a dangerous position.

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