Iran remains among the world’s top 10 oil producers, though its output has fallen since the 1970s. Read more at straitstimes.com. Read more at straitstimes.com.

The main risk to the oil market remains a blockade of the Strait of Hormuz, which connects the Gulf to the Gulf of Oman and which Iran has frequently threatened to paralyse.

The main risk to the oil market remains a blockade of the Strait of Hormuz, which connects the Gulf to the Gulf of Oman and which Iran has frequently threatened to paralyse.

The US and Israeli strikes against Iran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years.

The US-Israeli strikes against Iran and reprisals by Tehran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years.