Author: Ben Eccarius
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What would $200 oil mean for Britain?
Approximately 20% of global oil supply — around 17 million barrels per day — transits the Strait of Hormuz. With the ongoing US–Iran conflict and the closure of the strait, we look into the unlikely scenario of $200 oil. For the UK, the stakes are significant. Britain is a net oil importer in value terms…
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How Resilient Is the U.S. Economy to Maritime Chokepoint Disruption?
View full paper here The Strategic Importance of Maritime Chokepoints Over 80% of global goods by volume move by sea, much of it through a few narrow chokepoints. Recent years have highlighted this vulnerability, most notably through the 2021 Suez Canal blockage and Houthi attacks in the Red Sea. For the United States, the Panama…