Beyond Oil: Disruption In Hormuz Spells Trouble For Global Markets
The post Beyond Oil: Disruption In Hormuz Spells Trouble For Global Markets appeared on BitcoinEthereumNews.com. Machinery at Yara International ASA’s 24-megawatt plant for renewable hydrogen production at the company’s Heroya industrial facility in Porsgrunn, Norway, on Monday, June 10, 2024. Europe’s largest fertilizer maker, Yara, opened a renewable hydrogen plant in Norway as it seeks to decarbonize a process that uses natural gas as a feedstock. Enterprises such as this one will feel the crunch if the Hormuz crisis continues. © 2024 Bloomberg Finance LP This past Saturday, July 4th, saw two major events on the world stage. In America, jubilant crowds celebrated 250 years of independence, replete with fireworks, air shows, sizzling heat, and congratulations from around the globe, including the EU, UK, Germany, Italy, Ukraine, Poland, Russia, India, Saudi Arabia, the UAE, Israel, and many others. Meanwhile, in the Middle East, Iran opened week-long mourning ceremonies for former Sup