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War in the Middle East has upended global energy markets. The most important geopolitical blow is the closure of the Strait of Hormuz, through which one fifth of all oil globally and one fifth of all LNG is normally transported. This has triggered an energy shock that affects the entire global economy.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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