Standard Chartered Reports Hormuz Oil Flows Remain Disrupted and Costly

Standard Chartered highlights that oil flows through the Hormuz Strait are significantly disrupted and far from normal. Exporters have resorted to alternative routes such as pipelines, bypass ports, and ship-to-ship transfers, which have increased costs and inefficiencies in the supply chain. This situation has led to higher freight and security expenses, indicating a strained and costly oil transport system.

Originally published by gnews