The Strait of Hormuz is a major concern right now. The US is planning to attempt freeing trapped ships, with 400 vessels stuck, and any intervention might lead to a strong reaction from Iran. This could escalate tensions and impact global oil prices, which are already high at $125 per barrel due to the blockade. The strait is a critical chokepoint, handling around 20 million barrels of oil daily, about 20% of global consumption. If it remains closed, prices could surge further, affecting economies worldwide, especially those reliant on Gulf…
Read MoreThe US is planning to attempt freeing trapped ships, with 400 vessels stuck
