Nightmare scenario: How Iran, hit by US, may choke world’s oil supply - explained
Iran-Israel war: Amidst rising tensions, concerns escalate over potential disruptions to global oil supply via the Strait of Hormuz. While a prolonged blockade remains unlikely, even brief closures could trigger significant price surges and economic instability. Iran's strategic position offers various retaliatory options, yet faces constraints including potential counterstrikes and disapproval from key allies like China.
Iran-Israel war: Amidst rising tensions, concerns escalate over potential disruptions to global oil supply via the Strait of Hormuz. While a prolonged blockade remains unlikely, even brief closures could trigger significant price surges and economic instability. Iran's strategic position offers various retaliatory options, yet faces constraints including potential counterstrikes and disapproval from key allies like China.
