Lifting the oil price is easy. Block the Persian Gulf

FORBES | Here’s an easy fix to the ultra-low oil price; do what Iran has been promising to do for decades, block the Straits of Hormuz. Suggested partly as dark humor there would be a delicious irony in delivering to Iran precisely what it has consistently threatened to do, block a critical choke point at the eastern end of Persian Gulf to stifle the flow of oil to the rest of the world. In one move the oil-price crash would be fixed with up to 30% of global oil supply removed from the market.


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