Trump's Threats and the Strait of Hormuz: A Recipe for Disaster in the Oil Markets The latest escalation of tensions between the US and Iran has driven up oil prices, but the situation is more complex than a simple cause and effect relationship.
President Donald Trump's warning that Iran will be held accountable for the deaths of three US service members is only part of the story.
The aftermath of recent tanker attacks in Hormuz has seen the Saudi led coalition divert millions of barrels of oil per day through a pipeline to an export terminal on the Red Sea.