Reported 1 day ago
Iran has not yet prioritized the Strait of Hormuz in its ongoing conflict with Israel, despite significant stakes involved due to the waterway's critical role in global oil transportation. Analysts warn that any escalation, particularly in the Strait, could lead to skyrocketing oil prices and broader economic repercussions. While Iran has threatened to block the Strait if provoked by U.S. military actions, it currently benefits from oil exports and has managed to maintain relatively stable operations amid Israeli strikes. Future Iranian actions, including possible maritime disruptions, could still reshape the energy market significantly depending on the conflict's developments.
Source: YAHOO