World markets appear "relatively sanguine" regardless of oil costs rising in early buying and selling, following a menace by Iran to shut the Strait of Hormuz, in response to Sky’s Economics and Data Editor.
The nation has urged it might shut one of many world’s busiest transport routes – wherein 20% of the world’s oil passes – in retaliation for US air strikes on its nuclear websites.
But Ed Conway says the markets are "not anywhere close to panic" in the meanwhile.
#skynews #iran #middleeast #oilprices
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