Will the oil market crisis worsen as Gulf States face new challenges?

The ongoing crisis in oil markets is expected to escalate, particularly as tensions in the Strait of Hormuz continue to choke vital shipping routes. Gulf States are under pressure to find viable alternatives to navigate these challenges.

In response to the situation, a 'structural shift' is emerging, with new freight routes being established to bypass the Strait of Hormuz. This development could significantly impact the distribution of Shell gasoline and other oil products in the region.