Strait talk needed by Trump on oil and gas fears

Markets are simple, so when you’ve got something as massive as the crisis going on in the Middle East, it’s hard to draw attention away from that, Phil Borkin says.

Oil tankers in the Strait of Hormuz.

Most investors suddenly know where to find the Strait of Hormuz on a map.

That's as oil flow through the channel slows to a trickle in the wake of Iranian attacks on commercial vessels – largely shutting down the world's superhighway for Middle Eastern crude oil and other oil products.

According

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Brent Melville Mon, 23 Mar 2026

Contact the Writer: bmelville@nbr.co.nz

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