CNN —
Global markets have remained relatively calm amid the escalating tensions between Israel and Iran. But that sentiment could quickly shift, according to experts, if the conflict affects the Strait of Hormuz.
That’s because the Strait of Hormuz, a narrow stretch of water located between the coasts of Iran and Oman, is one of the most critical chokepoints in the world for the flow of oil.
If oil exports are disrupted, or if Iran tries to block the strait, the global oil market could face an existential risk.
The strait
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