Geopolitics

Filed

• dossier14 Sept
  Strait of Hormuz
  The 21-nautical-mile gap between Iran and the Musandam peninsula through which roughly a fifth of the world's traded oil and LNG passes. The single most consequential chokepoint for the energy and freight desks.

Wire

1. 18 Sept 05:50ZFLASH — Unidentified small craft reported near the inbound Hormuz lane; two tankers alter course, no contact. Transit count unaffected so far.
2. 17 Sept 09:45ZGulf littoral states issue a joint statement on freedom of navigation ahead of next week's naval exercise.
3. 15 Sept 11:15ZWar-risk underwriters widen the listed area in the southern Red Sea; premium indications firmer for the week.
4. 14 Sept 09:00ZDossier: Strait of Hormuz reference updated with bypass capacity and the incident timeline.