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With Hormuz reopened, has the oil shortage turned into a glut?
As flow resumes through the strait, an oil surplus may yet again destabilise global energy markets.
Iran war live: US bombs Sirik, Qeshm, Bandar Abbas over Hormuz attacks
Explosions in Iran's Sirik, Bandar Abbas and Qeshm as US launches attacks after revoking waiver on Iranian oil exports.
The Strait of Hormuz is now at the centre of Iranian and US calculus
The fate of the strait is directly linked to what happens next to the world economy.
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