What’s at Stake for Oil If Iran-US Tensions Escalate

Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran...

By Weilun Soon, Serene Cheong, Nicholas Lua · Bloomberg Markets

Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran or prompt its government to block a critical shipping route used by several major energy exporters in the region.