Terry Collins: AA Principal Policy Adviser discusses importance of the Strait of Hormuz for international oil prices
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
The US/Israeli missile strikes against Iran have caused uncertainty around oil prices.
20% of the world's crude oil travels through the Strait of Hormuz, which Iran has threatened to close and it has already heavily restricted access to the region.
AA Principal Policy Adviser Terry Collins told Mike Hosking that prices hinge on the ability to move oil through the Strait, but that won't be an easy task.
"it's easy to target vessels within it, and it's what the response will be from the Americans around protecting those vehicles"
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