Nitro Prix

Interview: Hormuz shock exposes legacy oil trade's flaws: Baron Lamarre

As Brent crude prices soar amid escalating tensions in the Gulf, the oil trading landscape faces unprecedented challenges, according to Baron Lamarre, co-founder of International Digital Exchange, an expert in energy markets and former trader at Petronas and Shell.  In an interview with Invezz, Lamarre highlighted how traditional oil trading is being stress-tested at its weakest points—documentation, credit intermediation, and shipping risks—just as the market demands rapid responses to supply disruptions.  The current Strait of Hormuz crisis has intensified concerns over global oil supply, as geopolitical tensions threaten one of the world's most critical maritime chokepoints for energy transport. Brent crude oil prices have surged to near four-year highs, with the benchmark currently trading around $115 per barrel. He argues that…