A trade of blows could put oil prices in dire straits

Business

A trade of blows could put oil prices in dire straits

Rising tensions around the Hormuz and Bab-el-Mandeb straits may force prices past $90 a barrel, warn experts

Anna Isaac

Fears are mounting that an oil supply shock could soon batter the already fragile world economy by sending prices soaring.

Threats to one of the world’s most important oil arteries, the Strait of Hormuz, are escalating amid concerns that its disruption could trigger a wider destabilisation of the Middle East.

As a result, oil analysts are now examining risks posed to another important route for the energy commodity, the Bab-el-Mandeb strait...

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