Energy prices continue to surge as Hormuz Strait remains closed
· 3 min read
Energy prices continue to surge as Hormuz Strait remains closed
TEHRAN - Nearly two weeks after the joint U.S. and Israeli military campaign against Iran, global energy markets are entering a period of severe strain. Iran, facing direct attacks on its territory, has expanded security measures in the Strait of Hormuz — a step Tehran describes as a lawful response to foreign aggression and a necessary defense of its territorial waters.
