Oil Markets

What Happens if the Strait of Hormuz Stays Closed?

If the Strait of Hormuz remains restricted, the global oil system could shift rapidly. Supply shocks, price volatility, and geopolitical risk would directly affect companies like Chevron and Exxon.

Exxon’s 10-K: Oil Supply Shock Risk in a Geopolitical World

The Iran conflict puts global oil supply back under pressure. Exxon’s 10-K reveals the structural risks that emerge when geopolitics disrupt energy markets: supply shocks, volatility, and capital rigidity.