The Strait of Hormuz remained mostly closed to ship traffic, continuing to cause upheaval to the base oil market. The “on-again, off-again” United States-Iran war, characterized by bursts of intense military strikes followed by brief ceasefires and failed negotiations, has often been compared to the 1980s Iran-Iraq war, which featured a similarly long, repetitive, and intermittent conflict focused on striking commercial shipping vessels and oil infrastructure in the Persian Gulf, known as “the Tanker War.”
Join Base Oils Editor Gabriela Wheeler and Executive Editor Tim Sullivan as they discuss this month’s Base Oil Report.