The Iran oil shock that analysts feared for years is no longer a distant warning it is happening right now. Brent crude oil price jumped more than 7 percent in Asian markets on Mondayas tensions between the United States and Iran escalated sharply. The Strait of Hormuz, the world’s single most critical oil chokepoint, is now at the center of a dangerous standoff that is reshaping global energy markets. Background: How We Got Here For decades, geopolitical analysts warned that any serious conflict involving Iran would trigger an oil shock…
Read MoreIran Oil Shock Is Here: Why Brent Crude Oil Prices Are Spiking Right Now
