Strait of Hormuz: US-Israeli Strikes on Iran Ignite Energy Markets
US and Israeli strikes on Iran raise fears of Strait of Hormuz closure, through which one-fifth of global oil production transits. Brent crude hit $83 per barrel.
| Countries | Iran, États-Unis, Israël, Qatar, Arabie Saoudite |
|---|---|
| Sector | Pétrole, Gaz, GNL |
| Theme | Politique & Géopolitique, Sécurité énergétique |
US and Israeli strikes on Iran are reviving concerns about the stability of global energy supplies. Iran borders the Strait of Hormuz, a strategic passage between the Persian Gulf and the Arabian Sea. "It's a very narrow chokepoint, and if it closes or if passage is restricted, there's no alternative route," said Jim Krane, Middle East specialist at Rice University's Baker Institute.
Comments
Sign in to leave a comment.