Oil Prices Surge as Iran Threatens to Close Strait of Hormuz, U.S. Urges China to Intervene

Amid soaring tensions in the Gulf following U.S. airstrikes on Iran’s nuclear facilities, U.S. Secretary of State Marco Rubio on Sunday urged China to use its leverage with Tehran to prevent any attempt by Iran to close the Strait of Hormuz — a move that has begun to upend the global oil market and further [...]The post Oil Prices Surge as Iran Threatens to Close Strait of Hormuz, U.S. Urges China to Intervene appeared first on Tekedia.

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