Ormuz Strait: why the great return of oil is not enough to lower prices
In September, oil exports from the Gulf region reached levels almost similar to those before the start of the American-Israeli war against Iran. U.S. President Donald Trump promised a price drop as soon as the Iranian threat to the Strait of Ormuz would no longer have as much effect on oil flows. That's not what's going on.
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Ormuz Strait: why the great return of oil is not enough to lower prices — Image credit: France 24 (Français)
In September, oil exports from the Gulf region reached levels almost similar to those before the start of the American-Israeli war against Iran. U.S. President Donald Trump promised a price drop as soon as the Iranian threat to the Strait of Ormuz would no longer have as much effect on oil flows. That's not what's going on.