PANIC Grips China As Oil Supplies Dries Up

As the war in Iran intensifies, the global oil market is on edge. Iran is threatening to shut down the Strait of Hormuz—the route for about 20% of the world’s oil—and reports suggest mines may already be in the water. Meanwhile, Chinese drivers are reportedly lining up at gas stations as prices surge. Is the world heading toward a major energy crisis, and what happens if Iran actually tries to close the strait?

Source: PANIC Grips China As Oil Supplies Dries Up