How high oil could go if Iran closes the Strait of Hormuz, according to Goldman Sachs and others
Energy analysts warn that investors shouldn't be complacent about the risk to oil supplies as the conflict in the Middle East escalates.
Latest World News copy
- Trump announces Israel-Iran ceasefire timeline he says will end the war: Live updatesIran's armed forces said they struck a U.S. military base in response to the bombings of key Iranian nuclear facilities over the weekend.
- Oil prices fall 7% after Iran strike on U.S. base in Qatar leaves no reported casualtiesOil markets are reacting to the effect of a U.S. decision to directly enter the Iran-Israel conflict.
- Airlines divert, cancel more Middle East flights after Iran attacks U.S. military baseAirlines diverted flights in the Middle East on Monday after Iran's armed forces said the country launched a missile strike on a U.S. military base in Qatar.
- Iran’s parliament backs blocking Strait of Hormuz. Its closure would alienate Tehran furtherThe decision to close the waterway now rests with the country's national security council.
- 'Fire up the deportation planes': Trump official praises Supreme Court rulingPlaintiffs in the case want the right to challenge deportations to countries other than their own because of the risk of persecution, torture or death.
- China’s support for Tehran grows more restrained as U.S. enters war between Israel and IranWhile the U.S. openly threw its military heft behind Israel, Beijing's support for Tehran appeared more nuanced, raising doubts over China's objectives.