Israel – Iran conflict poses major threat to energy markets if Hormuz traffic interrupted
[Namibia Economist - Namibia] - 23/06/2025
By Josef Kefas Sheehama. It’s uncertain if Iran will attempt to close the Strait of Hormuz, which ships 20% to 25% of the global oil. The closure of the Strait of Hormuz would have an immediate impact on global oil prices, potentially leading to significant global economic crises. According to (…)
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