Norway oil exports surge amid Hormuz war

Norway's oil exports have hit a record high amid the ongoing war in Iran and the resulting disruption to shipping through the Strait of Hormuz. The supply shock has positioned Norway as a key stability supplier for the United Kingdom and the European Union. Crude exports reached 57.4 billion kroner ($6.08 billion) in the latest period, a staggering 67.9% increase year-on-year. This surge underscores the global economic realignment caused by the conflict, with non-Middle Eastern producers gaining market share.