Closing the Straits of Hormuz and the Effects on Oil Prices
Apr 2nd, 2009 | By Byron King | Category: Energy, Featured, International, Oil
For many years, we in the West have worried about Iran closing the Straits of Hormuz to oil tanker traffic. An abrupt closure would instantly spike oil prices well into three-digits, and immediately change the energy equation of the world. Indeed, many geostrategic scholars believe that closing the Straits of ...read more
