Oil price climbs amid Iranian threat
• www.ft.comIran on Tuesday threatened to close the Strait of Hormuz, a chokepoint for a third of the world’s seaborne oil trade, if the west imposes oil sanctions on Tehran, causing a rise in oil prices.
Iran on Tuesday threatened to close the Strait of Hormuz, a chokepoint for a third of the world’s seaborne oil trade, if the west imposes oil sanctions on Tehran, causing a rise in oil prices.