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By Skip York, Nonresident Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University Global energy markets, such as those for oil, gas and coal, tend to be sensitive to a wide range of world events – especially when there is some sort of crisis. Having worked in the energy industry for … Continue reading “Why energy markets fluctuate during an international crisis”
By Sanjoy Paul, Associate Professor in Operations and Supply Chain Management, UTS Business School, University of Technology Sydney The Iranian parliament has approved the closure of key shipping route the Strait of Hormuz, in a move that could further escalate the Israel/Iran war.The strait lies between Iran and its Gulf Arab neighbours and is used … Continue reading “closing vital oil and gas route would disrupt global supplies. How will Australia be affected?”