Gibson tanker report "talk about closing Strait of Hormuz"

Jan 13 2020

One of the most talked about scenarios remains the possibility that the Strait of Hormuz could be closed, says broker Gibsons in its weekly tanker market report.

"Any closure no matter how temporary would impact approximately 17.2million b/d of crude oil and 2.4million b/d of refined product flows," Gibsons says.

"If this was to materialise, the impact on the oil price would be extreme, with major economic ramifications.

Gibsons weekly tanker Report