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Iran Standoff Reshapes Global Energy Flows
Bloomberg Television· 2026-07-18 13:38
Freight traffic in the Strait of Hormuz is down and oil prices are up after the U.S. reimposed its naval blockade on Iran. Just a handful of tankers are making it through daily, compared to an average 21 ships daily in February. This week, we spoke to diplomats, foreign policy and business experts at the Aspen Security Forum to get their view on the state in the state of the Strait.Here's what they told us, starting with former NATO Ambassador Nicholas Burns. The Iranians believe, I think erroneously, that ...