Oil prices surge as US-Iran strikes intensify in Strait of Hormuz - Al Jazeera
Oil prices surge as US-Iran strikes intensify in Strait of Hormuz - Al Jazeera
Source: Al Jazeera
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DW NOTE
The Strait has been functionally closed since late August — only 6 ships passed on August 30 versus the usual 85 per day. If this is an intensification, we're now watching strikes over a shipping lane that no longer carries meaningful traffic. The price move reflects risk premium, not supply shock.