Become A Wiser, More Profitable Trader

💭   Iran may close the Strait of Hormuz after U.S. strikes

politics

Following U.S. airstrikes on Iranian nuclear sites, tensions have escalated with Iran threatening to close the Strait of Hormuz, a crucial global oil chokepoint. This decision could severely disrupt global oil supply, with the strait handling about 20% of the world's oil trade, potentially driving prices up to $130 per barrel [9][25]. China's calls for de-escalation emphasize the geopolitical complexities, as it relies heavily on Iranian oil [24]. Analysts consider the closure unlikely due to U.S. military presence but warn of possible harassment of oil tankers [1][19]. The geopolitical instability reflects broader regional dynamics and economic anxieties [23].

Helium Trades     Jun 24, 2025