#️⃣#ormuz #oil #geopolitics It is claimed that Iran is considering a move that would shock the West and some Arab countries, namely - closing the **Strait of Hormuz** and **Bab-el-Mandeb** in response to Israeli attacks.
Global **oil** prices could rise to $110-130 per barrel in the event of Iran and Yemeni Houthis attempting to block the straits in the Middle East, according to experts.