Oil prices: Worth It? | Counting the Cost

The Iran war has severely disrupted oil and gas flows through the Strait of Hormuz, a route normally used for around 20% of the world’s oil and gas supplies. That has cut off oil and gas supplies from the Gulf to Asia and Europe. Pressure has also spread to Bab al-Mandeb in the Red Sea, while Ukrainian attacks on Russian infrastructure has affected exports through the Black Sea. Diplomatic efforts continue to reach a final deal, but the situation remains volatile and shipping through the Strait of Hormuz are yet to be fully restored. Oil prices respond not only to barrels already removed from…

Watch on source: https://www.youtube.com/watch?v=jJEGOfQYjo0 ↗