Iran closes Strait of Hormuz after ship strike – global oil prices set to explode

Mighty Python from Uyo

4 months ago

This video from Arise News reports that Tehran has shut down the Strait of Hormuz following a ship strike. That strait is a critical passage for about 20% of the world's oil supply, so if it stays closed, fuel prices and shipping costs will skyrocket everywhere – including Nigeria. Watch to understand how this could affect your pocket and the global economy.