Even if the Strait of Hormuz were to reopen tomorrow, some 3% of the world’s annual oil output has probably already been forfeited. We explain how the effects will ripple around the world in the coming months Illustration: Carolina Moscoso | Collector

Even if the Strait of Hormuz were to reopen tomorrow, some 3% of the world’s annual oil output has probably already been forfeited. We explain how the effects will ripple around the world in the coming months

Illustration: Carolina Moscoso

The Economist

Even if the Strait of Hormuz were to reopen tomorrow, some 3% of the world’s annual oil output has probably already been forfeited. We explain how the effects will ripple around the world in the coming months Illustration: Carolina Moscoso

Even if the Strait of Hormuz were to reopen tomorrow, some 3% of the world’s annual oil output has probably already been forfeited. We explain how the effects will ripple around the world in the coming months Illustration: Carolina Moscoso

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