How the Strait of Hormuz Blockade Handed China a Clean Energy Windfall

There is great uncertainty as to whether and to what extent the Strait of Hormuz is reopening the flow of global oil and gas trade against the backdrop of a fragile ceasefire. What is certain, however, is that the global energy sector will see far-reaching consequences of the historic disruption for a long time to come. In fact, the global energy landscape may never be the same again. On an average day, approximately one-fifth of the world’s oil and gas trade crosses through the Strait of Hormuz, a waterway between the Persian Gulf and the…