Strait of Hormuz is the factor affecting all energy markets, VP says – Food Business News

KANSAS CITY — Tim Statts, vice president of commodity services at Schneider Electric, highlighted the challenges facing energy markets at the 2026 Sosland Purchasing Seminar, including how the continued closure of the Strait of Hormuz significantly impacts commodities worldwide.
Statts projected the price of crude oil may climb as high as $150 per barrel if the Strait does not reopen.
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Jun
2026
Innovations at the show included new formats and formulations.
Formulations are driving innovation in dairy and milk alternatives.

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Dhiraj Seth as the next Chief of Army Staff

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