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The war in the Middle East could increase prices at the pump. Iran threatens to block the Strait of Ormuz, a key passage for the transport of oil exported from the Arab-Persian Gulf.
Should we fear a soaring prices at the pump? Martine takes on petrol today to avoid being in line tomorrow if the price of fuels increases. “People are afraid and they absolutely want to have essence”she notes. Another motorist who is full nods: “It’s starting to go up, I even think that for the long holidays it’s okay (reach) 2 euros “.
Since the beginning of the conflict between Israel and Iran, the rating of the barrel of crude has increased slightly. Karim uses his car every day to go to work, and what he hears does not reassure him. The Strait of Ormuz, obligatory passage of all the oil ships who leave the Arab-Persian Gulf, where large oil exporting countries like Saudi Arabia, or Iraq are located. Some 17% of world oil goes through this sea of the sea, which Iran threatens to block. The Strait also sees a fifth of the global liquefied gas.
Find the entire report in the video above