The Strait of Hormuz is once again back in focus as a possible U.S. intervention in Iran raises the risk of Tehran disrupting one of the world's most critical energy chokepoints.
U.S. President Dona… [+3861 chars]
World's most vital oil chokepoint back in focus amid possible U.S. action against Iran - CNBC
In an extreme escalation scenario, where tankers are unable to pass or energy infrastructure is damaged, oil prices could surge by double digits, said analysts.
By:Lee Ying Shan
Source:CNBC
Published:
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