Walid Khadouri

Recent geopolitical developments have revealed that oil remains a fundamental pillar of the global energy system, despite years of calls to reduce reliance on it and accelerate the transition to clean energy. Markets have proven that price fluctuations are often linked more to political and…

The war on Iran, in the second week of fighting and in mid March, shifted into a conflict over freedom of navigation in the Strait of Hormuz. This strategic shift by Iran was not accidental; rather, using the strait had long been anticipated as a political lever. Between 15 and 20 million barrels…