Energy — Hormuz Strait Standoff Continues as Fuel Exports Resume

Energy · 2026-05-03

The energy world is splitting into parallel supply architectures under wartime stress. Two months into the U.S.-Iran conflict, the Strait of Hormuz remains effectively closed to normal tanker traffic, creating a supply shock that is reshaping trade flows across Asia and enriching alternative suppliers — most notably Russia. China's decision to resume refined fuel exports signals Beijing has…