The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more information on Market Outlook.

The Strait of Hormuz is both a vital passage point and a permanent point of tension. As long as the world depends on Oil from the Persian Gulf, its security will remain a major geostrategic concern. If Iran were to cross the red line, the consequences would not be limited to barrels of Oil, but the global economic balance could be shaken.

Tensions at the Strait of Hormuz risk 20M bpd in crude oil flow, fueling a sharp rally in oil futures and boosting market volatility.

Oil prices were stable on Monday after Iran's oil production infrastructure was excluded from intensification of military conflict with Israel, while the Strait of Hormuz remains open

Iran and Israel tension have spooked markets due to fears of surging oil prices and inflationary pressures. Read more to find out if it will trigger a global recession.

Global production is well placed to cope with Iranian disruption.

Israel’s strikes on Iran on Friday have raised the prospect of global oil prices hitting $100 a barrel. If Tehran seeks to escalate the conflict by retaliating beyond Israeli borders, it could seek to choke off the Strait of Hormuz,

Share prices skidded in Europe and Asia on Tuesday after Israel’s military issued an evacuation warning to 330,000 people in Iran’s capital Tehran. U.S. futures also declined. Oil prices bounced after the warning for a part of the city of 9.