By Carol Sichone The continued disruption of the Strait of Hormuz, one of the world’s most critical oil transit routes has kept global markets on edge, even as oil prices show a slight pullback. Brent crude, which had surged above $110 per barrel at the height of tensions between the United States and Iran, has since eased to around $95–$100 per barrel, largely due to earlier expectations that a ceasefire would allow partial resumption of oil flows. However, with the ceasefire now withdrawn and shipping through the Strait still restricted, analysts warn that the relief may prove temporary. For Zambia,...
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