Given the high stakes geopolitical game in which the world finds itself following Russia’s invasion of Ukraine last year, it would be naïve to be believe that anything as high-profile as Iran’s seizure of oil tankers in and around its coastal waters occurred in political isolation. They did not, and such seizures of vessels and other disruptions to the global oil markets emanating from the Middle East are set to continue. This is a key element of the new global oil market order as analysed in my new book on the subject. To recap…
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