💨 Abstract

Escalating tensions between Israel and Iran are raising concerns about the potential closure of the Strait of Hormuz, a critical oil chokepoint. Adam Lakhani of International SOS warns that shutting it down could cause significant market turmoil, potentially driving oil prices from $71.77 to $120 per barrel. Iran, with a strong naval presence in Bandar Abbas, has threatened to close the strait, which handles about a fifth of the world's oil.

Courtesy: Gergana Krasteva