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NPR News source @npr.org · Washington (state) 🇺🇸· 2w

#StraitOfHormuz #IranConflict #GlobalOilMarket

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Fear of Iranian mines in the Strait of Hormuz could further slow the flow of oil
The threat of Iran laying mines in the Strait of Hormuz -- the narrow waterway through which about 20% of the world's oil supply travels -- is raising fresh fears about global oil prices amid the ongoing conflict with the U.
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The New York Times News source @nytimes.com · New York City 🇺🇸· 3w

#MiddleEast #Iran #GlobalOilMarket

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Here's the latest.
Hours before the strikes, the U. S. military said that it had attacked 16 Iranian mine-laying vessels near the Strait of Hormuz, through which a fifth of the world's oil transits.
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The Wall Street Journal News source @wsj.com · New York City 🇺🇸· 4w

#StraitOfHormuz #GlobalOilMarket #EnergySecurity

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Why Is the Strait of Hormuz Critical for Oil Prices?
Connecting the Persian Gulf to global markets, the Strait of Hormuz dictates world oil prices, and any disruption can cause prices to spike instantly.