How the attack on Iran could impact the global oil market and economy The U.S.-Israeli attack raises the risk of major oil supply disruption. Iran is the fourth-largest OPEC producer and sits on the critical Strait of Hormuz.

#US-#Israel attack #Iran. Iran retaliated #Iran #StraitOfHormuz UNSAFE FOR COMMERCIAL TRAFFIC.
1/3 of #OilExports & 20% of #LiquidNaturalGasExports pass through the strait, to mostly major #ASIAN ECONOMIES like #China.
A PROLONGED CLOSURE OF THE STRAIT COULD TIP THE GLOBAL ECONOMY INTO A #RECESSION.