
Taiwan remains highly dependent on imported energy. Approximately 95% of its fossil fuel demand is met through imports.
While coal and liquefied natural gas (LNG) are sourced from a broader range of global suppliers, crude oil imports are far more concentrated. In 2024, around 70% of Taiwan’s crude oil originated from countries in the Middle East.
#EnergySecurity #GlobalTrade #MiddleEast #Taiwan #OilMarkets
Strait of Hormuz: Navigational Chaos Amidst Blockade Dispute
Iran has put new rules on the Strait of Hormuz because the US is blocking its ports. This affects ships and oil prices. What happens next?
#StraitOfHormuz, #Iran, #USBlockade, #ShippingNews, #GlobalTrade
https://newsletter.tf/iran-strait-of-hormuz-restrictions-us-blockade/
Iran has restricted the Strait of Hormuz again. This is a change from earlier this week when it was said to be open.
#StraitOfHormuz, #Iran, #USBlockade, #ShippingNews, #GlobalTrade
https://newsletter.tf/iran-strait-of-hormuz-restrictions-us-blockade/
Iran Reinstates Strait of Hormuz Restrictions Amidst Shifting Ceasefire Dynamics
Iran has again restricted traffic in the Strait of Hormuz, impacting global shipping. This follows accusations against the US and recent Israeli strikes in Lebanon.
#StraitOfHormuz, #IranShipping, #GlobalTrade, #MiddleEastNews, #MaritimeSecurity
https://newsletter.tf/iran-strait-of-hormuz-traffic-restrictions/
Traffic in the Strait of Hormuz is now restricted by Iran, affecting global shipping lanes. This is a change from yesterday's reopening.
#StraitOfHormuz, #IranShipping, #GlobalTrade, #MiddleEastNews, #MaritimeSecurity
https://newsletter.tf/iran-strait-of-hormuz-traffic-restrictions/