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Oil Markets on Edge as Iran Vows Retaliation

OilPrice.com Monday, 23 June 2025 ()
U.S. airstrikes on Iranian territory have sharply raised fears of retaliation that could target key oil infrastructure and shipping lanes. The Strait of Hormuz, a critical oil transit chokepoint, is at the center of concerns over potential supply disruptions. Oil prices initially spiked but remain volatile as markets closely watch for Iran’s next move and possible escalation. 1m ago 4:03am CST Israel and Iran Continue to Trade Strikes The Israeli Air Force has confirmed a fresh wave of airstrikes targeting military sites in Tehran, escalating…
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Video Credit: Oneindia - Published
News video: Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next? 03:37

Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as retaliation to U.S.-Israel attacks on Iranian nuclear sites. A closure would rattle global oil...

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