Why Oil's Future Is So Unpredictable

Beyond the humanitarian catastrophe, the Iran war has really highlighted the critical nature of the supply that the Persian Gulf provides of oil to the world. >> The straight of Hormuz accounts for about a quarter of the world's seaborn oil trade. The situation we're in right now is unprecedented.For years, we have always seen the straight of Hormuz, that narrow waterway that runs alongside Iran that is in that crucial oil producing area. We've always known that was a vulnerable point, but it's never been c ...