⚡️🚨🛢️ NEW - Unsurprisingly, oil prices are SKYROCKETING (+13%) This is the sharpest rise in oil prices in four years. The Strait of Hormuz is CLOSED! Shipowners and traders have suspended tanker traffic. 20% of the world's oil and significant volumes of gas pass through this bottleneck. If the strait remains closed for 25 days, Gulf producers will have to SUSPEND production due to lack of storage.