Oil prices rose more than 3 percent after the tension between Iran and the US over the Strait of Hormuz

Dalam Angka

Pertanyaan Umum

What is the status of commercial traffic in the Strait of Hormuz?

According to the statement by US President Donald Trump, the Strait of Hormuz is currently open to commercial ship traffic.

What is the main reason for the increase in oil prices?

The rise of more than 3 percent in prices stems from the strait-centered tension between Iran and the US and the subsequent geopolitical uncertainty.

Why is the Strait of Hormuz important for global markets?

Since the Strait of Hormuz is one of the most critical maritime routes where the world's oil supply takes place, any congestion would directly affect global energy markets.

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