Strait of Hormuz’s big comeback

It’s been a decade ago or so, roughly before the two presidential mandates of Barack Obama, that we heard about the Strait of Hormuz in these terms. In fact, Hormuz has always been a high strategic value area except that with the quick rise in bilateral tension between Washington and Tehran, this crucial transit point – about 40% of the world’s oil navigates through it – could hit the headlines anew soon. According to Cyceon, as the American-Iranian tension increases, so does the likeliness of disruption of maritime transport, thus generating more volatility in commodity prices.