The closure of the Hormuz Strait He would have even heavier repercussions. This sea gut united Persian Gulf And Gulf of the Omanon which several overlook Oil states – First of all Iranfollowed by Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar And Oman -, is the World Cross of the crude oil by sea. In fact, from here passes around the 30% of world oilwith a daily transit from Hormuz of Oltre 20 million barrels.
But from there not only crude oil passes. To cross the strait also i Cargo loaded with gnl that from Qatar go to EuropeIn the Middle East Asia and in China. And just Beijing is a great buyer of Iranian oil (about 1.5 million barrels per day). If these supplies were to interrupt, the China it would be forced to supply each other elsewhere, a higher prices with Chain consequences for global inflation.
That’s why it is possible that the Developments of the Israeli-Iranian crisis have a direct relapse on the choices of the Federal Reservethe American central bankthat the June 18th will have to decide if cut or keep the Interest rates.
While Donald Trump In recent days he has repeatedly urged the Fed And Jerome Powell to cut the rates, i Governors of the US Central Bank they could evaluate keep ratesprecisely in view of a Energy prices escalation which would inevitably affect theAmerican and world economy.
It remains to be seen what they will decide to actually do the Iranian authorities.