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Why world powers have a major interest in keeping Strait of Hormuz open
LONDON: As the conflict between Israel and Iran intensifies, attention is turning once again to the Strait of Hormuz — the narrow, 33-km-wide stretch of water separating Oman and Iran, through which a fifth of the world’s daily oil supply flows. During the 12-day war in June last year, when Israel and the US attacked Iranian military and nuclear facilities, the mere suggestion that Iran might try to close the waterway sent oil prices soaring.
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lemonde.fr
Bombings in Iran raise fears of oil crisis
The closure of the Strait of Hormuz and US-Israeli strikes in Iran are reigniting the specter of a surge in crude oil prices. But the global economy is less vulnerable today than…
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arabnews.com
Why world powers have a major interest in keeping Strait of Hormuz open
LONDON: As the conflict between Israel and Iran intensifies, attention is turning once again to the Strait of Hormuz — the narrow, 33-km-wide stretch of water separating Oman and…
