Military conflict between the United States and Iran would threaten to shut the world’s busiest seaway for oil exports and send crude prices to all-time highs, perhaps even to $200 a barrel, according to one analyst.
Iran’s leaders this weekend threatened to shut the strait, the world’s most important seaborne transit lane for oil.
The comments appeared to provoke a response from President Donald Trump. President Trump on Sunday night warned Iranian President Hassan Rouhani on Twitter that his country would “SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE” if Rouhani ever threatened the United States again.
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