Briefing: What role is oil playing in the war in the Middle East and what's at stake?

The U.S. and Israel's attacks on Iran, initiated over two weeks ago, have significant implications for oil transport through the Strait of Hormuz, a critical chokepoint for global oil supply.

Iran's retaliatory measures have targeted Gulf shipping lanes, effectively halting operations and raising the risk of further disruptions in an already volatile market.

The surge in oil prices reflects not only immediate supply concerns but also potential long-term impacts on infrastructure capacity and throughput in the region.