Airstrikes in Iran Focus Oil Eyes on the Strait of Hormuz
Where prices go from here will depend on how Tehran responds to Israel’s military action.
Debris from an apartment building is seen on top of parked cars after an Israeli airstrike in Tehran on Friday.
Photographer: Vahid Salemi/AP Photo
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Welcome to our guide to the commodities markets powering the global economy. Today, Senior Executive Editor Will Kennedy assesses the oil-market ramifications of Israel’s military action against Iran.
Israel’s strikes against Iran just injected a heavy dose of geopolitical risk into the oil market.