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Strait of Hormuz: What is Trump's 'Southern Highway' and how has it helped avert an energy shock?
Posted
June 15, 2026
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4:05
12:13Now PlayingOil prices have fallen by nearly 5% following the announcement of an imminent peace deal between the United States and Iran.
Despite concerns that conflict in the region could trigger a major energy shock, markets have remained relatively stable. President Donald Trump claimed on social media that "ships are starting to move" through the Strait of Hormuz, a key shipping route for global oil supplies.
Sky's Ed Conway takes a closer look at why the energy shock hasn't been quite as severe as predicted thus far and the various alternative shipping routes that have been operating to get oil out
#oil #iran #usa #trump #straitofhormuz #war #skynews
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