The return of Middle East oil: Has Iran lost control of Strait of Hormuz & why are crude prices still up?
Export volumes exceeded pre-war levels on 14 days during September. (Image for representative purpose only) When the US-Iran war began at the end of February, it unleashed an energy crisis on the world and one not seen in recent years. Oil shipments through the Strait of Hormuz, de facto controlled by Iran, came to a…