Bloomberg Surveillance · Thursday, July 9, 2026
The Strait of Hormuz is no longer assumed to be completely safe for energy transit following recent conflicts, according to Leslie Paulton Guzman. While oil transit may have alternatives, complex energy (LNG) transit through the Strait is challenging. Countries are seeking diversification of supply and equity stakes elsewhere, but molecules within the Strait remain complicated. This impacts Southeast Asian emerging markets heavily.
“The Strait of Hormus was open for all traffic, and I think we all just assume that was the way. We can't make that assumption anymore, can we.”
“I mean, going forward, I don't think we can ever. If I'm gonna sure, I'm never going to consider the Strait of Hormus completely safe like I did before the war.”
“So about seventy percent of Katari energies heading to Asia, about twenty five percent to China. So those are you know, the critical messages.”