Energy markets on edge as Iran considers retaliation for U.S. strikes. Here’s what you need to know
- Posted on June 23, 2025
- By The Globe and Mail
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Energy markets on edge as Iran considers retaliation for U.S. strikes. Here’s what you need to know

A fifth of the world’s demand of oil products pass through Iran’s Strait of Hormuz, which if blocked, could impact global oil prices and Iranian revenue