As the United States intervenes in the Israel-Iraq war, people are increasingly worried about whether the Strait of Hormuz, the "most important oil choke point in the world", will be closed.Kusari, a member of the National Security Committee of the Iranian Parliament, recently said,Iran's parliament has concluded that the Strait of Hormuz should be closed, but the final decision lies with Iran's Supreme National Security Council.The Strait of Hormuz is the strait connecting the Persian Gulf and the Indian Ocean, and it is also the only waterway entering the Persian Gulf. Its strategic position is self-evident. Crude oil from major oil-producing countries such as Saudi Arabia, Qatar, Kuwait and Iran needs to be transported to all parts of the world through the Strait of Hormuz, making it a
Trump Calls for Lower Oil Prices: Is Following Trump the Ultimate Stock Play?
Last night, Trump once again made a call: he hopes for lower oil prices. And sure enough, things turned out as expected — a major reversal across asset classes followed. U.S. stocks surged, oil prices plunged, leaving both bulls and bears stunned. Crude oil posted its biggest single-day drop since August 2022.
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