Following US-Israeli strikes against Iran, Tehran has threatened to attack vessels passing through the Strait of Hormuz, through which roughly 20% of global oil and liquefied gas flows  in normal times. The threat has pushed oil prices upward and raised concerns about global supply chains. Most of these fossil fuel shipments are bound for Asia, particularly China, India, Japan and South Korea. An Iranian official has suggested that Tehran is considering allowing limited oil t

Most of the current discussions around energy security is centred around the Strait of Hormuz. The conflict between the United States, Israel and Iran has disrupted the Middle East in a way that is incalculable in many sectors but access to black gold has destabilised stock markets and made many countries vulnerable to further economic shocks. A quick result from this conflict is not likely and Wall Street analysts believe that the crude supply will drop  to 12 million barrel