If Iran blocked the strait, oil prices could shoot as high as $120-$130 per barrel, at least temporarily, said Homayoun Falakshahi, head of crude oil analyst at Kpler, in an online webinar Sunday.

Nearly half of India's crude oil and 60% of its natural gas imports pass through the Strait of Hormuz. South Korea reportedly gets 60% of its crude oil through the strait, and Japan nearly three ...

Closing the Strait of Hormuz would send oil prices massively higher — at least at first If Iran blocked the strait, oil prices could shoot as high as $120-$130 per barrel, at least temporarily ...

U.S. use of force to reopen the strait would likely be supported by Europe and “even unofficially by China,” he said. “Iran’s navy would probably get destroyed in a matter of hours or days.” Tags: U.S ...

The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well as missiles that it could use to make the strait impassable, at least ...

Analysts think it wouldn’t. Asia would be directly impacted because 84% of the oil moving through the strait is headed for Asia; top destinations are China, India, Japan and South Korea.