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Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.
The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more ...
Tensions in West Asia raise concerns over oil markets as Iran-Israel clashes threaten Strait of Hormuz closure.
The Iranian government reveals its plan to close the Strait of Hormuz, a crucial waterway responsible for 20 percent of the ...
Amid escalating tensions between Iran and Israel, the Strait of Hormuz, a critical global oil route, has become a focal point ...
Crude oil markets continued to hover around the $75 a barrel mark this Wednesday, sustained by fears that the US could get ...
The Strait of Hormuz is both a vital passage point and a permanent point of tension. As long as the world depends on Oil from ...
The Strait of Hormuz is considered the world's most important gateway for oil transport. Hostilities between Iran and Israel ...
About 21mn barrels of oil from Iran, Iraq, Kuwait, Saudi Arabia, Qatar and the United Arab Emirates pass daily through the narrow waterway separating the Islamic republic from the Gulf states, ...
Israel launched strikes against Iran on June 13, saying it targeted nuclear facilities, ballistic missile factories and ...
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