Experts: Closure of Strait of Hormuz is unlikely, but the oil market is sensitive to risks

12:09 - 17.06.2025


June 17, Fineko/abc.az. Experts consider the scenario of Iran blocking the Strait of Hormuz, through which about 20% of the world's oil passes, unlikely.

ABC.AZ informs that analysts note that such a move would harm Iran itself, draw its neighbors in the Persian Gulf into conflict and could cause a sharp rise in oil prices to $100 per barrel. However, the U.S. has strategic reserves, and OPEC+ and the IEA can stabilize the market. The scenario of spot detentions of ships is considered more realistic, which will lead to an increase in insurance rates and transportation costs. Despite statements by Iranian politicians about their readiness for harsh measures, experts believe that Tehran is not interested in aggravating the situation.