Krishnan: Bypassing Hormuz Won’t Displace Gulf Oil
Oil was headed for its longest losing streak in more than a year as Saudi Arabia moved to restart a key pipeline and the United States reported progress in talks with Iran. Mekala Krishnan of the McKinsey Global Institute discussed the Strait of Hormuz disruption and its impact on oil with Bloomberg’s Abeer Abu Omar.
Oil was headed for its longest losing streak in more than a year, according to Bloomberg, as Saudi Arabia moved to restart a key pipeline.
The United States flagged progress in talks with Iran to end a war that has rocked the Middle East since March.
Mekala Krishnan, a partner at the McKinsey Global Institute, spoke with Bloomberg’s Abeer Abu Omar on the program Horizons Middle East & Africa about disruption in the Strait of Hormuz and its impact on oil.
THE QUESTIONS THIS EVENT LEAVES BEHIND
What conditions would determine whether the pipeline can meaningfully offset disruption in the Strait of Hormuz?
How might progress in talks with Iran affect oil markets if no agreement follows?
Which Gulf oil flows remain most exposed to disruption despite alternative routes?
Who would bear the largest costs if the disruption continued?
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