The Permanent Oil Damage From the Hormuz Blockade Nobody Is Talking About
The Hormuz blockade threatens more than a temporary oil shock. As gas injection stops in aging Gulf wells, water, wax and asphaltenes can permanently damage output. Strikes on South Pars and Ras Laffan deepen fears of lost capacity, higher LNG costs and years of elevated energy prices. Markets may face a long, costly supply reset.