Middle East & Africa Economic overview

Increasing tensions between Washington and Tehran could disrupt the trade of oil and LNG through the Strait of Hormuz.

Iranian President Hassan Rouhani suggested in July that Iran could disrupt oil flows through the strait in response to calls by the United States for countries to stop importing Iranian oil. The strait is a vital oil and LNG supply conduit, and a significant escalation of tensions could disrupt the flow of cargoes through it. This in turn could severely affect LNG exports from Qatar and Abu...