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Hormuz Blockade Shifts Global Energy Flow | Amsterdam News
Description
The Strait of Hormuz blockade is reshaping global oil flows, with Rotterdam seeing a 36% surge in oil product exports and a 2% rise in crude handling as European refineries ramp up processing to cope with higher prices. Meanwhile, oil product imports dropped 9%, signaling a shift in energy logistics. Container traffic remained stable despite regional tensions, thanks to rerouted shipping. Chemical exports fell 17% due to industry strain and soaring energy costs. But coal handling jumped nearly 18% as steel production surges and gas prices climb, pushing coal back into the spotlight.
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