Reading Time: 2 minutes
The Iran War caused the price of Brent oil to rise from below 70 USD to over 115 USD from early to mid-March. The subsequent calming brought it back to its starting level. It is currently trading again at 85 USD. The USA even positioned itself briefly as the "guardian of the Strait of Hormuz," suggesting a 20% fee on the value of goods to secure passage. The oil market will remain volatile with less visibility regarding oil supplies. This leads to the conclusion: About 20% of the world's traded oil passes through the Strait of Hormuz. Iran has...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
