Africa: Could This Energy Crisis Be Worse for the Global Economy Than Covid?

[The Conversation Africa] Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum liquids to the global market. This represents just over 10% of global supply.

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