Oil Prices Hit Five-Month High After US Strikes Iran Nuclear Facilities
Key Points
- The Strait of Hormuz, a critical oil chokepoint, could see p...
Twenty percent of the world's oil supply flows through a waterway narrower than the distance between two McDonald's drive-thrus. Welcome to the Strait of Hormuz, where Iran and Oman face off across 21 miles of water that could make or break your gas budget.
The US decided to give Iran's nuclear facilities some unwanted fireworks over the weekend, sending oil prices shooting up faster than a crypto influencer's follower count. Crude briefly touched a five-month high before traders remembered they need to actually think about what this means long-term.
**When Geography Becomes Your Portfolio's...
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