News about prices • Iran

Israel has accused Iran of harboring genocidal intentions, while Iran has accused Israel of conducting a genocide in Gaza. Consequently, Israel has sought sanctions and military action against Iran to stop it from acquiring nuclear weapons.

Where is the Strait of Hormuz? The Strait of Hormuz runs between Oman and Iran. The strait connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. It's only 33 kilometres wide at its narrowest point, but deep enough and wide enough to handle the world's largest crude oil tankers.

The U.S. attack on Iranian nuclear sites is expected to cause market reactions, potentially increasing oil prices and strengthening the U.S. dollar. Increased oil prices could lead to higher inflation and reduced consumer confidence, potentially impacting interest rate cuts.