With the US-Iran war far from a quick resolve, the impact on the energy market goes beyond rising crude oil prices, that are expected to remain at a high of $95 a barrel, with a trickle-down effect on other markets and industries. Veteran energy analyst Charles Ellinas said, in an interview with the Financial Mirror, that the closure of the Strait of Hormuz, the chokepoint for about 20% of world crude and natural gas supplies, has prompted Iran to mine the area, with a longer process needed to eventually clear the Persian Gulf of mines. Furthermore, the impact is already
The post Crude to remain at $70 if no end to Iran war appeared first on Financial Mirror.
© 2026 Sedmasila All rights reserved.