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Global oil trade

Global oil trade - Venezuela oil - Oil production capacity - Strategic oil reserves - Oil markets - Energy security - Strait of Hormuz

The world's oil is not always where the power lies

From Venezuela's vast reserves to the Strait of Hormuz and Europe's dependence on American diesel, the events of 2026 reveal how control over oil depends on far more than geological wealth.

By The Beiruter
Global oil trade - Strait of Hormuz - Maritime law - UNCLOS - U.S.-Iran conflict

The Strait of Hormuz and modern maritime coercion

The crisis surrounding the Strait of Hormuz is exposing a widening gap between the rules governing global maritime trade and the technology now being used to undermine them.

By Katharine Sorensen