Siege warfare: U.S. and Israel escalate tensions in Strait of Hormuz as oil prices fluctuate significantly
‘This is siege warfare’ as U.S. and Israel apply pressure in the Strait of Hormuz.
Oz Sultan from Sultan Interactive Group discusses the ongoing diplomatic quagmire between the U.S. and Iran.
Brent crude prices dropped 10 points, indicating a significant shift in oil markets.
The Strait of Hormuz controls 20% of the global oil supply, affecting global markets.
Continued volatility in oil prices is expected, with potential implications for Bitcoin.
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