CSMONITOR | Economy
Stocks drop, oil prices surge as Iran conflict hits global markets
股票下跌，油价飙升，伊朗冲突冲击全球市场
An aerial view of the Iranian coast and part of the Iranian island of Qeshm, Dec. 10, 2023. Qeshm occupies a strategic position near the roughly 20-mile-wide Strait of Hormuz, through which about one-third of the world's seaborne oil trade flows.
2026-03-02 464词 简单
Oil prices represent the conflict’s key variable for the world economy. Besides its own output, roughly 4% of the world’s oil market, Iran also has the military capability to strike oil facilities throughout the Middle East. Iran also borders the strategic Strait of Hormuz through which almost a third of the world’s seaborne oil flows. As of Sunday, the strait has been effectively closed to commercial traffic, following the Iranian Revolutionary Guard Corps’ warning to ships not to pass.
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