Oil Reserves do not Solve an Oil Shock

The renewed oil shock has exposed an old truth that governments keep trying to forget. Energy markets may look global, digital, and sophisticated, but they still hinge on a few narrow routes and a few political decisions. With the Strait of Hormuz effectively disrupted, about a fifth of global oil and gas flows has been [] The post Oil Reserves do not Solve an Oil Shock appeared first on Modern Diplomacy.