[Lock the Strait of Hormuz or cause oil prices to soar] The tense situation between Israel and Iran affects the global economy, and uncertainty in crude oil and capital markets continues to increase. In particular, international oil prices have continued to rise since the US announced an attack on Iran's three nuclear facilities. The market is generally concerned about the prospects of the Strait of Hormuz route. J.P. Morgan Chase recently released a report saying that if the Strait of Hormuz is blocked due to the situation between Israel and Iraq, international oil prices may rise further, and may even break through $100 per barrel. According to a report released by Oxford University, in the worst case, global oil prices may soar to around 130 US dollars per barrel.

[Lock the Strait of Hormuz or cause oil prices to soar] The tense situation between Israel and Iran affects the global economy, and uncertainty in crude oil and capital markets continues to increase. In particular, international oil prices have continued to rise since the US announced an attack on Iran's three nuclear facilities. The market is generally concerned about the prospects of the Strait of Hormuz route. J.P. Morgan Chase recently released a report saying that if the Strait of Hormuz is blocked due to the situation between Israel and Iraq, international oil prices may rise further, and may even break through $100 per barrel. According to a report released by Oxford University, in the worst case, global oil prices may soar to around 130 US dollars per barrel.