Media Indonesia | Iran-Israel Conflict, World Crude Oil Prices Could Break US$100 per Barrel

Executive Director of the Institute of Essential Services Reform (IESR) Fabby Tumiwa explained that around 21% of the world’s crude oil is shipped through the Strait of Hormuz, which is a strategic strait for Iran and even world trade. The war between Iran and Israel is feared to affect the production and distribution of world crude oil.

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