Oil uncertainty drives urgent reactivation of Trinidad and Tobago refinery
The escalation of tensions in the Strait of Hormuz due to the war between Iran, the United States, and Israel has repercussions far beyond the Persian Gulf, accelerating Trinidad and Tobago's efforts to reactivate a major refinery and consolidate itself as a regional energy hub. Amid fears of supply disruptions and a possible global recession, international interest in reactivating the Pointe-a-Pierre refinery, currently operated by Guaracara Refinery Company Limited, has intensified significantly.