Analysts have played down fears of a huge oil price spike this year, due to the economic slowdown and trade war — but one U.S. think tank says Middle East tensions could threaten energy markets.
The attacks in the Gulf of Oman, which involved Japanese and Norwegian vessels, renewed fears of conflict in the Middle East after a series of strikes on oil tankers last month. It occurred near the Strait of Hormuz which is one of the world's most vital sea lanes for oil shipments.Center for Strategic and International Studies in a noteIran also does not have to launch a major war. It can conduct sporadic, low-level attacks that do not necessarily provoke a major U.S.
Iran can use its naval, air or missile forces to attack ships anywhere in the Gulf, or use proxies to do so, said Cordesman.
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