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Experts including Sal Mercogliano, a maritime historian at Campbell University in North Carolina and a former merchant ...
Tensions in West Asia raise concerns over oil markets as Iran-Israel clashes threaten Strait of Hormuz closure.
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.
Iran’s steps could include blocking the Strait of Hormuz, quitting a nuclear treaty and launching attacks on Israeli tourists.
Located between Oman and Iran, the Strait of Hormuz is the world's most important access route for oil transportation.
Conflict between Israel and Iran has rekindled fears of a disruption to a narrow waterway key to the global economy.
Former Foreign Secretary Shashank noted that while India would eventually have to seek alternative routes and sources for ...