Because of Danger From the Depths: Expert Warns of Explosion of Oil Price

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Iran could minate the Strait of Hormus, which could boost global oil prices and support Russia in the war against Ukraine.

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Any geopolitical, military conflict and, worse still, the outbreak of a war generates much uncertainty about the supply of products worldwide. In the particular case of the conflict between Israel and Iran, its effects on the international price of oil were not expected, especially because of the risk of affecting strategic infrastructures such as the Strait of Ormuz, where 20% of global trade and around 30% of world trade in oil passes through.…