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Experts weigh potential scenarios for oil if Strait of Hormuz closes

Experts weigh potential scenarios for oil if Strait of Hormuz closes

Sagar3 months ago05 mins

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | AFP | Getty Images Oil…

How attack on Iran could impact global oil market and economy

How attack on Iran could impact global oil market and economy

Sagar3 months ago04 mins

The joint U.S. and Israeli attack on OPEC member Iran risks a major oil supply disruption in the Middle East that, in a worst-case scenario, could trigger a global economic recession. Iran is the fourth-largest oil producer in OPEC at just over 3 million barrels per day in January. The Islamic Republic shares a coastline…

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