Iran's missile threats near the Strait of Hormuz risk disrupting 20% of global oil transit, sending WTI crude prices toward $150 per barrel.
Key takeaways
- Iran’s Escalation: Why Oil Transit Risks Are Now Front and Center
- A single missile strike near the Strait of Hormuz could wipe out 20% of global oil transit overnight. That’s not a hypothetical: tensions between Iran and its regional...
- The Strait of Hormuz is the world’s most critical oil chokepoint. About 21 million barrels per day pass through its narrow waters, representing roughly a fifth of tota...
- Oil Price Projections: Volatility Surges as WTI Eyes $150
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Canonical source: https://mlxio.com/finance/iran-oil-shock-wti-crude-150
