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🚨 HORMUZ WHITELIST EXPANDS
Iran is selectively allowing oil flows through the Strait
Core access
🇨🇳 China
🇷🇺 Russia
🇮🇳 India
🇵🇰 Pakistan
🇮🇶 Iraq
Extended access
🇧🇩 Bangladesh
🇲🇾 Malaysia
🇹🇭 Thailand
Conditional / coordinating
🇮🇩 Indonesia
🇯🇵 Japan
🇵🇭 Philippines
WHY???
~20% of global oil passes here
Iran is filtering flows based on alignment
IMPACT:
Energy markets split into blocs.
Freight and insurance costs surge.
Oil now trades on geopolitics, not just supply.
This is controlled access to one of the world’s most important chokepoint.