*The Suez Canal has been blocked since the 400meter-long ‘Ever Given’ container ship ran aground on 23 March. With no immediate prospect of a resolution this threatens to cause havoc with just-in-time supply chains globally.
*Whilst the blockage is of course a massive inconvenience for tankers already en-route, the impact on energy markets has so far been muted – crude prices are little changed – and will likely remain so even if the blockage persists. (CONTINUED - 501 WORDS)
