The closure of the Strait of Hormuz has triggered one of the biggest shocks in global energy markets in decades. Nearly one-fifth of the world’s oil trade and a substantial share of liquefied natural gas (LNG) shipments normally pass through the narrow waterway between Iran and Oman. As tensions in the Gulf escalated and shipping … Continue reading Türkiye’s Bid to Become an Energy Hub After Hormuz Closure Faces Harsh Realities