even more dire as government assistance only gets through in drips and drabs. i want to get jones welcome to do business asia and we start with the latest escalations in the strait of hormuz where to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over $62.00 a barrel immediately often use of that attack emerged the strait of hormuz is one of the world s most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of global oil production has to squeeze through here to escape the persian gulf and get out into the well it s. often more on the impact there on all markets so we re joined by early bazza financial market correspondent in frankfurt only what s this latest incident mean for the oil market. i think it s too early to tell what it means in the medium term
in the long term talk to an analyst and he says the immedia
Three-minute read Since the ascent of the mullah regime to power in Iran, a multifaceted crisis has emerged, characterized not only by domestic repression