Why the Strait of Hormuz is now a major focus of worry for oil prices and the global economy

Israel’s military strikes against Iran are raising concerns that Tehran could retaliate by closing the Strait of Hormuz, potentially disrupting oil and gas supplies and unleashing a fresh wave of inflation across the globe.

Jun 13, 2025 - 18:59
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Why the Strait of Hormuz is now a major focus of worry for oil prices and the global economy
Israel’s military strikes against Iran are raising concerns that Tehran could retaliate by closing the Strait of Hormuz, potentially disrupting oil and gas supplies and unleashing a fresh wave of inflation across the globe.