"The eyes of the whole world are focused on one point on the map.
A lockdown spells disaster.
If the conflict in Israel escalates and, as a result, Iran blocks the Strait of Hormuz, the price of oil will soar.
Why is the strait so strategic?
And how big is the risk that it will actually be blocked?
The conflict in the Middle East is escalating.
At the beginning of the week, the United States sent a submarine with nuclear warheads to the Mediterranean Sea.
As U.S. Central Command explains, the Ohio-class unit has arrived in the 'region of responsibility'.
It covers the eastern Mediterranean, the Red Sea, the Persian Gulf and the Gulf of Oman.
The Times of Israel website emphasizes that the arrival of the unit may be part of a strategy under which two strike groups of US ships with aircraft carriers have already been sent to the region.
The US actions are not accidental.
They are intended to deter Iran and groups subordinated to it, including the Lebanese Hezbollah, from attacking Israel, which is conducting offensive operations in Gaza against Hamas.
The region in which the United States is increasing its activity is also not accidental.
The escalating conflict in the Middle East threatens global oil supplies.
The Strait of Hormuz, located in the Arabian Sea, between the Persian Gulf and the Gulf of Oman, may be a critical point.
The coast here is divided between Iran, the United Arab Emirates and Oman (specifically its exclave).
Why is it so strategic?
The Isthmus is the world's most important oil transit point.
Approximately 2.4 million barrels of oil every day.
If, as a result of the escalation of the conflict that broke out in Israel, the strait was blocked, it would result in significant delays in deliveries.
Transport costs would also increase, which would have one effect - an increase in oil prices on world markets.
Markets are monitoring the conflict in Israel and the Gaza Strip.
If Iran joins, it will block the Strait of Hormuz, through which 20 percent of the world's exports flows.
The price of the raw material will reach USD 150 per barrel.
These calculations were published by the World Bank.
$80 is the amount around which the price of a barrel of oil currently fluctuates.
Saudi Arabia and the United Arab Emirates have infrastructure that could partially compensate for a possible blockade of a critical point.
However, pipelines cannot replace sea transport via this route."
Jeśli konflikt w Izraelu eskaluje i w rezultacie Iran zablokuje cieśninę Ormuz, to cena ropy sięgnie 150 dol. za baryłkę - mówi w rozmowie z money.pl Dawid Czopek, ekspert rynku ropy. Dlaczego cieśnina jest tak...
www.money.pl
From my country's MSM