Crude oil prices surged following the back-and-forth attacks between Israel and Iran, with Brent gaining 15% in the heat of the conflict. When the Americans engaged with direct attacks on Iran in a quest to destroy Iranian nuclear facilities, the world stood still while waiting for Teheran`s response.
The Strait of Hormuz, the narrow strait between Oman and Iran is the world’s most important bottleneck for shipping oil and gas with approximately 25% of seaborn crude passing through daily. After the US bombing mission in Iran, the possibility of Teheran disrupting the narrow passageway increased, but when Iran`s telegraphed strike on a US military base in Qatar the air went out of the oil price balloon.
Dette er en (+) artikkel.
På Investornytt kan du orientere deg og få innsikt i alle markeder.
