Strait of Hormuz closure: Why crude oil prices haven’t spiralled out of control amid US-Iran conflict
Strait of Hormuz closure: Why crude oil prices haven’t spiralled out of control amid US-Iran conflict Updated: 2026-07-17 12:29:50 | Source: timesofindia.indiatimes.com Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. (Reuters photo) The Middle East conflict and the closure of Strait of Hormuz led…