
Oil supply choke points
How an Israel-Iran war will hit oil prices – and Harris’s White House bid – Telegraph
“Around 20pc to 30pc of global supply is shipped through the narrow strait at the edge of the Persian Gulf between Iran and Oman. If Hormuz was blocked, oil prices could hit $200 per barrel, says Mr Schieldrop.”
Q for US policymakers: Could Netanyahu help Trump win back the White House by bombing Iranian oil fields, causing oil price surge?