President Hassan Rouhani signals Tehran could disrupt shipments, prompting a warning from US military. We are speaking about the Strait of Hormuz! 19% of the World’s oil transports from this place and it’s important for Oil Price and the future of Oil Industry.
Bank of America Experts predicts that if the Strait of Hormuz is blocked, oil prices will rise to $120. Russia today: Get ready for $250 oil if Iran blocks key shipment route in Middle East, analysts tell RT.