How Strait of Hormuz Closure could threatens Global Oil Prices

The fierce battle between Iran and Israel continues. Strait of Hormuz | Source: Social Media

The Iranian parliament has passed a resolution to close the Strait of Hormuz. Strait of Hormuz | Source: Social Media

The closure of the strait could have a profound impact on the global energy supply. Strait of Hormuz | Source: Social Media

The Strait of Hormuz is one of the world's most important oil transportation routes Strait of Hormuz | Source: Social Media

About 20 percent of the world's oil trade passes through this strait. Strait of Hormuz | Source: Social Media

If Iran closes this route, oil prices can jump by 30-50 percent Strait of Hormuz | Source: Social Media

Retail fuel prices could rise by up to $5 a gallon. Strait of Hormuz | Source: Social Media

carrot | Source- Social Media Carrots: The secret to better health