US strikes on Iran reignite fears of rising oil prices
- Posted on February 28, 2026
- By Le Monde
- 5 Views
US strikes on Iran reignite fears of rising oil prices
The prospect of a blockade of the Strait of Hormuz, which one-fifth of the world's total oil supply, notably from Saudi Arabia and the United Arab Emirates, passes through, or even a wider regional conflagration, could send oil prices soaring.
