FACTBOX: Fresh attacks hit shipping, energy operations in the Middle East

Oil producers and exporters in the Middle East continue to face severe restrictions on shipping through the Strait of Hormuz and ongoing attacks on energy infrastructure. “The scale and duration of a price spike will depend on how much oil is kept off the market — and for how long — due to danger in the strait, higher shipping insurance rates or damaged Gulf infrastructure,” analysts at S&P GlobalOil producers and exporters in the Middle East continue to face severe restrictions on shipping through the Strait of Hormuz and ongoing attacks on energy infrastructure. “The scale and duration of a price spike will depend on how much oil is kept off the market — and for how long — due to danger in the strait, higher shipping insurance rates or damaged Gulf infrastructure,” analysts at S&P GlobalRead More