Hormuz risk sends energy shipping costs soaring: Oil & Gas 360

(By Oil & Gas 360) – Escalating tensions involving Iran are reverberating through global energy markets, as security concerns around the Strait of Hormuz push shipping costs sharply higher and raise questions about the reliability of one of the world’s most critical oil transit routes. Hormuz risk sends energy shipping costs soaring- oil and gas 360 Iran’s Islamic Revolutionary Guard Corps (IRGC) has taken on an expanded wartime leadership role inside the country, a shift that analysts say could reinforc ...