BlockBeats News, March 13th, According to the Financial Times, since the US and Israel launched a military strike against Iran, the Gulf oil-producing countries have cumulatively lost about $15.1 billion in energy revenue due to the almost stagnant shipping in the Strait of Hormuz, with a large amount of crude oil being forced to be stranded due to transportation disruptions.
The Strait of Hormuz is one of the world’s most important energy transport channels, typically carrying about one-fifth of global oil trade flow. The current regional conflict has significantly reduced oil tanker shipments, with millions of barrels of crude oil unable to be exported, impacting Middle Eastern energy supplies and the global oil market.
