Worries Continue over the Strait of Hormuz
There continue to be rumors that Iran will dump oil into the Strait of Hormuz to block the shipping lane that is so critical to the movement of crude. For months, there have been worries and speculation that Iran’s small navy…
Der Spiegel reports:
The goal of the plan seems to be that of contaminating the strait so as to temporarily close the important shipping route for international oil tankers, thereby “punishing” the Arab countries that are hostile to Iran and forcing the West to join Iran in a large-scale clean-up operation — one that might require the temporary suspension of sanctions against Tehran.
Douglas A. McIntyre
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
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