23 Days
Source:
عربية – DW
Strait of Hormuz tensions pose global risk
Tensions are escalating around the Strait of Hormuz after Iran took control of it at the start of the war in February, through which a fifth of global oil production passes. Despite ongoing negotiations, no agreement has been reached to reopen the strait, while the United States maintains a blockade on Iranian ports and Iran continues to use its position as a pressure tool on global markets. This situation has led to dangerously low oil inventories, with a sharp increase in oil prices expected if the circumstances remain unchanged.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)