The Strait of Hormuz: Where Geopolitics Meets Oil Prices The recent escalation of tensions between the US and Iran has led to a surge in oil prices.
Beneath this headline grabbing news lies a more complex story about the global energy landscape.
The US's decision to cancel Iran's sales license and launch strikes against Iranian targets is not just a response to suspected attacks on ships in the Strait of Hormuz; it's also a reflection of a larger struggle for control over the world's most critical oil chokepoint.