Oil prices have been soaring due to geopolitical tensions in the Middle East. With U.S. intervention in Venezuela and threats towards Iran, prices have hit a one-month high. Concerns about potential supply disruptions and Strait of Hormuz closure are driving prices up. The impact on oil and gas markets could be significant.

The fear of a complete closure of the Strait of Hormuz has caused oil prices to rise. While Iran has threatened such action before, it has never followed through. Analysts believe a complete closure is unlikely due to U.S. naval presence. President Trump has deployed tariffs on countries doing business with Iran, potentially affecting major economies like China.

President Trump has been briefed on military and covert options against Iran, including cyber operations and psychological campaigns. The possibility of U.S. intervention remains uncertain, but the market is not fully pricing in the potential disruption. The situation is fluid and could have significant implications for global oil supply and prices.

Read more at Yahoo Finance: Iran Turmoil Resurrects Specter of Critical Oil Lane Disruption