Oil Prices Jump Over 8%: Mukesh Sahdev Warns of a Looming Blockade of the Hormuz Strait
- Posted on June 13, 2025
- By International Business Times
- 2 Views
Oil Prices Jump Over 8%: Mukesh Sahdev Warns of a Looming Blockade of the Hormuz Strait
The underlying fear is not only a reduction in Iranian oil supply but also a broader disruption in the Strait of Hormuz, the world's most important passage point for crude oil transportation, which connects the Gulf of Oman with the Persian Gulf and is a vital shipping route for Middle Eastern oil
