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Energy Market Expert: Iran's Threat to Block Hormuz Strait May Be Just Rhetoric
Summary: According to CoinDesk, energy market expert Anas Haji stated that Iran's threat to close the Hormuz Strait may be primarily driven by domestic political considerations. Data shows that Brent crude oil prices fell to $77 per barrel after reaching $77.79, with a modest increase of only 1.4%. Analysts point out that 80% of the oil ...
According to CoinDesk, energy market expert Anas Haji stated that Iran's threat to close the Hormuz Strait may be primarily driven by domestic political considerations. Data shows that Brent crude oil prices fell to $77 per barrel after reaching $77.79, with a modest increase of only 1.4%. Analysts point out that 80% of the oil passing through the strait goes to Asian countries, and an actual blockade would first harm Iran's allies. As a result, Bitcoin rebounded from a low of $98,000 to above $101,000. ING Group analysis suggests that market concerns about disrupted strait shipping are easing.
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Link: Energy Market Expert: Iran's Threat to Block Hormuz Strait May Be Just Rhetoric [Copy]
