Reported 20 days ago
As US airstrikes target Iranian nuclear facilities, Iran's potential to disrupt global oil trade through the Strait of Hormuz emerges as a significant concern. The strait, a crucial passage for oil flow, could face harassment of shipping or even more severe attacks, impacting global oil prices and potentially causing inflation. While a complete closure seems unlikely, Iran's response to US actions could escalate tensions, complicating oil shipments and affecting allies like China.
Source: YAHOO