Politics

All eyes on Strait of Hormuz: Fears of supply shocks from Israel-Iran conflict boost oil prices

Crude prices have jumped by around 12% in the past week, amid the Israel-Iran conflict and heightened fears of a broader regional conflagration

Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv amid a fresh barrage of Iranian rockets on 16 June.
Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv amid a fresh barrage of Iranian rockets on 16 June.Photo: AFP/SCANPIX
Middle East and South Asia EditorKuala Lumpur
Published 16 June 2025, 03:29Updated 16 June 2025, 09:39
OpecPetronasIsraelIranStrait of Hormuz