Lawyer and International Energy Contracts Specialist
As the US/Israel-Iran conflict enters its fourth week, the Strait of Hormuz, the chokepoint for roughly a fifth of global seaborne oil, has effectively become a war zone.
Tanker traffic has slowed to a trickle, Platts price assessments for Gulf loadings have been suspended in parts and refined product benchmarks have exploded. Brent crude has surged past $110 a barrel with some Dubai assessments touching $167.
