Middle East Tensions Puts Energy Market Issues in the Crosshairs

An escalation could put nearly 1 million barrels per day (bpd) of Iranian oil production at risk. In an escalation scenario, Iran could block the busy Strait of Hormuz trade route, disrupting up to 12 million barrels per day (bpd) of oil supply, amplifying the impact on crude markets worldwide.

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Publication Details

Published
2024-10-24
DOI
https://doi.org/10.36404/ofwl9293
Primary Topic
Global Energy Security and Policy
Type
article
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article

Middle East Tensions Puts Energy Market Issues in the Crosshairs

Dale Granger
Global Energy Security and Policy
article

Middle East Tensions Puts Energy Market Issues in the Crosshairs

Dale Granger
article en

Abstract

An escalation could put nearly 1 million barrels per day (bpd) of Iranian oil production at risk. In an escalation scenario, Iran could block the busy Strait of Hormuz trade route, disrupting up to 12 million barrels per day (bpd) of oil supply, amplifying the impact on crude markets worldwide.

(November 2024)
Openalex Percentile: Top 47%
Global Energy Security and Policy
DOISourceOpenAlex
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Middle East Tensions Puts Energy Market Issues in the Crosshairs — Dale Granger · (2024) | TGRS Research Map | TGRS