
The Strait of Hormuz: Old Oil Order Reaches Its End As A New Global Landscape Beckons
Manish Vaid When Brent crude briefly crossed $120 a barrel (https://timesofindia.indiatimes.com/business/international-business/oil-prices-today-brent-tops-120-as-trump-doubles-down-on-hormuz-blockade/articleshow/130621848.cms) last week amid renewed Hormuz tensions and the UAE’s exit from OPEC, market reactions suggested something beyond just another cyclical oil shock. Markets are recognising the erosion of the framework that governed global crude flows for decades. The UAE’s move
