A new Iranian proposal has emerged regarding the Strait of Hormuz, and it could also affect oil prices.
The price of crude oil suddenly jumped in late trading today after the Iranian state news agency published a draft strategic plan to restrict shipping in the Strait of Hormuz. Simultaneously, reports of explosions in the region also emerged, according to CNBC.
The price of crude oil suddenly surged after the Iranian state news agency published a draft strategic plan to limit shipping traffic in the Strait of Hormuz. According to CNBC, reports also emerged of explosions in the region.
