Is the world at risk of another energy shock? | Counting the Cost
Community Score: 50% | 11.0K views | 2w
0 community ratings: null thumbs up, null thumbs down
Shipping through the Strait of Hormuz remains in effect halted. Tankers are now avoiding another critical waterway - Bab al-Mandeb - as Yemen's Houthi forces threaten Saudi-linked vessels. Ukrainian strikes have hit Russian export infrastructure. Three major routes are now disrupted at once: the Gulf, the Red Sea and the Black Sea. Together, they threaten trade flows equivalent to nearly a quarter of global oil supplies just as reserves sit at multiyear lows. Goldman Sachs says oil could rise above $120 a barrel by the fourth quarter if disruptions in the Strait of Hormuz alone persist. Economies worldwide are bracing for another energy shock. #oilprices #straitofhormuz #economy #babalmandeb #yemen #iranwar #waroniran #unitedstates #iran #globaleconomy #aljazeera #aljazeeraenglish
Tags: Business and Economy, Israel-Iran conflict, Oil and Gas, Politics, Russia-Ukraine war, al Jazeera, al Jazeera English, al Jazeera live tv news English, aljazeera live, aljazeera live tv news English, الجزيرة مباشر, Business, Economy, Oil Prices, Oil, Strait of Hormuz, Bab al-Mandeb, Yemen, Iran, War on Iran
More from Al Jazeera English
- Trump “Ahead of Schedule”? Experts question US strategy in Iran war — Score: 50%
- Trump’s Iran war timeline confusion explained | Expert breakdown — Score: 50%
- Palestinian refugees in Lebanon face another forced displacement | AJ#shorts — Score: 50%
- Activists arrive in Cuba with aid amid US fuel blockade — Score: 50%
- African airlines face rising costs as Middle East fuel supplies disrupted by the Iran war — Score: 50%
- Peru general election 2026: Record 35 candidates as political crisis deepens — Score: 50%