Oil prices SURGE as Iran war triggers global supply fears | Prof. Jiang Xueqin

Описание: #OILCRISIS #STRAITOFHORMUZ #OILPRICES

In this video, I break down the rapidly escalating oil crisis as tensions around Iran threaten the Strait of Hormuz, the most important oil chokepoint in the world. Crude prices have surged above $92 a barrel, jet fuel prices in Asia have spiked dramatically, and tanker ships are reportedly idling because it has become too dangerous to move through the region.

Governments have attempted to calm the situation. The Trump administration recently announced a $20 billion insurance guarantee aimed at protecting oil tankers moving through the Strait. However, markets barely reacted, and many shipping companies remain cautious about sending vessels into a region facing rising military and security risks.

This matters globally because nearly 20 million barrels of oil pass through the Strait of Hormuz every day. Any prolonged disruption could push prices toward $150 a barrel and trigger inflation, higher fuel costs, and economic shockwaves worldwide.

Could this become the biggest oil shock in years? Where are energy prices heading next?

#OILPRICE #GLOBALENERGY #ENERGYCRISIS #IRAN #MIDDLEEAST #OILMARKET #OILNEWS #GASPRICES #INFLATION #GLOBALTRADE #ENERGYSECURITY #GEOPOLITICS #WORLDNEWS #BRENTCRUDE #WTI