BlockBeats news, on June 24, RBS analyst Robert Yawger stated that the oil market believes Iran's recent attack indicates its ineffective response capabilities and that it has not reduced any oil from the market. "I don't think Iran will close the Strait of Hormuz. In any case, that would be shooting themselves in the foot. If they close the strait, it would prevent them from exporting to their major customers." (Jin10)
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Analyst: Iran will not close the Strait of Hormuz
BlockBeats news, on June 24, RBS analyst Robert Yawger stated that the oil market believes Iran's recent attack indicates its ineffective response capabilities and that it has not reduced any oil from the market. "I don't think Iran will close the Strait of Hormuz. In any case, that would be shooting themselves in the foot. If they close the strait, it would prevent them from exporting to their major customers." (Jin10)