Any Decision To Close Strait of Hormuz Will Impact Global Oil Supply, Say Experts
Amid escalating tensions in the Middle East—particularly following U.S. strikes on Iranian nuclear sites and continued conflict between Israel and Iran—experts widely agree that any closure of the Strait of Hormuz would have a profound and immediate impact on global oil supply and the broader economy.The Strait of Hormuz is a narrow maritime chokepoint between Iran and Oman, through which about
Amid escalating tensions in the Middle East—particularly following U.S. strikes on Iranian nuclear sites and continued conflict between Israel and Iran—experts widely agree that any closure of the Strait of Hormuz would have a profound and immediate impact on global oil supply and the broader economy.The Strait of Hormuz is a narrow maritime chokepoint between Iran and Oman, through which about
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