How Iran could unleash chaos in the global oil economy
CBC News · 15 days ago
CBC News
15 days ago
Iran appears outmatched when it comes to stopping Israel’s airstrikes, but it has another golden target at its disposal. CBC’s David Common breaks down how disruptions to strategic waterways could be used to devastate the world’s economy by disrupting the flow of oil.
BreakdownGenerated by LeadStory AI
- Iran has limited ability to stop Israeli airstrikes but can target global oil routes.
- The Strait of Hormuz is a vital oil chokepoint, with 20% of global oil passing through. 22s
- Iran could disrupt shipping with missiles, drones, or sea mines, causing oil price spikes. 42s
- Iranian proxies like the Houthis have already disrupted shipping in the Red Sea. 1m 44s
- Escalation could draw in U.S. forces and potentially other nations, including NATO. 2m 15s