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Get ready for $250 oil if Iran blocks key shipment route in Middle East, analysts tell RT

Get ready for $250 oil if Iran blocks key shipment route in Middle East, analysts tell RT

Publicerat av Tony Harkén lördag, 07 juli 2018.

Tehran is threatening to block the Strait of Hormuz, a crucial artery for oil shipments from the Middle East, if Iranian exports are hampered. This will result in a huge loss of global crude supply and soaring prices.

Most of the crude exported from Saudi Arabia, Iran, the United Arab Emirates, Kuwait, and Iraq passes through the Strait of Hormuz. It is also the route for nearly all the liquefied natural gas (LNG) shipments from the world’s largest exporter, Qatar.

Read more at - https://on.rt.com/99e3

Publicerat av

Tony Harkén

dubai

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