Aerial view of the Strait of Hormuz – taken near Iran with its oil-shipping route. By NASA. Source: Public Domain.

This Place Near Iran Affects World Oil Prices – From History to Consequences

There’s this narrow but vital place of water near Iran that has witnessed millennia of world maritime trade, diplomatic gambits and geopolitical rivalries. Stretching between the Persian Gulf and the Gulf of Oman, this specific waterway connects (and affects) major oil-exporting nations to world markets – influencing oil prices big time. This waterway is the