Brent crude surged to $109 a barrel on Friday and the S&P 500 fell 0.88 percent as Trump rejected a proposed framework to ease tensions with Iran.
Tag: Strait of Hormuz
Posted inGeopolitics
The Strait of Hormuz becomes the war’s most dangerous front
Three months into US-Israel military operations against Iran, the narrow passage through which roughly 20 percent of the world’s traded oil travels has become a pressure point that neither side can afford to close — but neither has shown it can keep fully open.