US-Israel-Saudi Plan Targets Iran Oil, Hormuz Control Eyed

A US-Israel-Saudi initiative seeks to exclude Iran from global oil, even as Tehran has established de facto control over the vital Strait of Hormuz and Bab el-Mandeb Strait. This strategic control by Iran over key maritime energy transit routes is acknowledged by major global powers. The Strait of Hormuz, essential for global oil flow, remains under significant Iranian influence. Heightened geopolitical tensions around oil supply routes could drive crude oil prices higher, potentially increasing inflation and boosting safe-haven demand for gold in Pakistan.

بحوالہ / Source: oilprice.com