ING's latest report warns of oil price surge if escalation disrupts Strait of Hormuz

Azernews.Az

16 June 2025 14:47 (UTC+04:00)

Akbar Novruz

A further escalation in the military conflict between Israel and Iran, particularly if it affects the Strait of Hormuz, could lead to a sharp spike in global oil prices, the Dutch banking group ING warned in its latest analytical review, Azernews reports. Oil prices have been climbing for four consecutive days as markets...

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