On the podcast today: Arsenal edge past Chelsea at the Emirates. There’s lots of things you’d expect: goals from corners and lots of holding, a Chelsea red card and Robert Sánchez flapping about. Chelsea almost equalised but it’s as you were after Manchester City’s win at Leeds on Saturday.
But the greater risk to energy markets is if Iran closes the Strait of Hormuz, among the most vital oil export chokepoints through which about 20% of the world’s petroleum liquid flows, amounting to about 20.9 million barrels per day. Though Iran has not officially closed the strait, Iranian missiles have hit some vessels, and major shipping companies have halted operations, effectively shutting down the trade corridor.
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