Energy Security

Oil price path hinges on Strait of Hormuz and security of Iran's oil production

Oil prices were stable on Monday after Iran's oil production infrastructure was excluded from intensification of military conflict with Israel, while the Strait of Hormuz remains open

Iran's Sharan oil depot in flames following the Israeli strikes, on Sunday.
Iran's Sharan oil depot in flames following the Israeli strikes, on Sunday.Photo: WASA/REUTERS/SCANPIX
Enterprise editorLondon
Published 16 June 2025, 10:48Updated 16 June 2025, 10:48
Israel-Iran ConflictIsraelIranOil PriceMiddle East