The market doesn't seem to believe it. Crude Futures are down roughly 5%-6% today.
The market doesn't seem to believe it. Crude Futures are down roughly 5%-6% today.
The regime change bandwagon should grow quickly with this kind of attitude.
Key Points - Should Iran follow through on its threat to close the Strait of Hormuz, it could alienate its neighbors and trade partners. - But the possibility of a closure of the strait is low, experts said, despite Tehran’s rhetoric around closing the strait. - A closure would provoke Iran’s markets in Asia, particularly China, which accounts for a majority of Iranian oil exports.
. . .
The regime change bandwagon should grow quickly with this kind of attitude.
>Key Points
- Should Iran follow through on its threat to close the Strait of Hormuz, it could alienate its neighbors and trade partners.
- But the possibility of a closure of the strait is low, experts said, despite Tehran’s rhetoric around closing the strait.
- A closure would provoke Iran’s markets in Asia, particularly China, which accounts for a majority of Iranian oil exports.
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