Strait of Hormuz crisis points to a new era of petro-dominance

The Strait of Hormuz crisis is reshaping global LNG flows and highlighting how control over critical energy shipping routes is becoming an increasingly important component of “petro-dominance” in global energy geopolitics. The Strait of Hormuz crisis has intensified concerns over LNG and oil supply security, sharply increasing energy prices and exposing the vulnerability of countries dependent on Middle Eastern exports. […]

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