Oil Prices Rise Sharply In Market Trading After Attacks In Middle East Disrupt Global Energy Supply

Oil Prices Rise Sharply In Market Trading After Attacks In Middle East Disrupt Global Energy Supply


Attacks throughout the region, including on two vessels traveling through the Strait of Hormuz, the narrow mouth of the Persian Gulf, could restrict countries’ ability to export oil to the rest of the world. Roughly 15 million barrels of crude oil per day — about 20% of the world’s oil — are shipped through the Strait of Hormuz, making it the world’s most critical oil chokepoint, according to Rystad Energy. Attacks throughout the region, including on two vessels traveling through the Strait of Hormuz, the narrow mouth of the Persian Gulf, could restrict countries’ ability to export oil to the rest of the world.

Author: HuffPost


Published at: 2026-03-01 23:40:17

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