FT warned of higher oil prices amid the blockade of the Strait of Hormuz
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FT: The blockade of the Strait of Hormuz will lead to an even greater increase in oil prices
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Photo: TASS/AP/Altaf Qadri
A complete blockade of shipping in the Strait of Hormuz will lead to higher oil prices and increase pressure on the United States. This was reported on April 13 by the Financial Times (FT) newspaper
"The complete closure of the strait will lead to an even greater increase in oil prices than before and increase pressure on the United States from the international community," the newspaper reports.
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