Energy and shipping
The Strait of Hormuz, oil markets, tankers and the sanctions that follow them.
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Energy and shipping, news analysis
Kapotnya’s refinery fire: smoke is not a unit of measurement
A refinery reported to supply some 40% of Moscow’s fuel market was hit overnight. That figure says what the plant was worth before the drones came, not what it lost after.
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Energy and shipping, report
The Strait of Hormuz is open, at about a quarter of normal
Oil-product flows through the world's most important oil chokepoint are running at roughly one million barrels a day against four million before the war. Brent is near $104, and Saudi Arabia is moving crude the long way round.