The pipeline shutdown has put pressure on Saudi oil supplies to Europe as further conflict in the region threatens shipping routes. Riyadh has yet to comment on reports that some refiners face delays until November. #SaudiArabia #OilDisruption #MiddleEastConflict
According to FT, the blockade of the Strait of Hormuz is the biggest oil disruption in history, but the markets are calm because they expect it to be brief. The problem, warns a researcher from Columbia, is that if it lasts longer, the impact will be worse than in previous crises. (Original: Según FT, el bloqueo del Estrecho de Ormuz es la mayor disrupción petrolera de la historia, pero los mercados están tranquilos porque esperan que sea breve. El problema, advierte un investigador de Columbia, es que si se prolonga el impacto será peor que en crisis anteriores: https://t.co/8L31r0iRo6) #OilDisruption #StraitOfHormuz #MarketImpact #IR #US
