Africa in BusinessAfrica in Business

Market Reaction: Iran seizes vessels in Strait of Hormuz as Middle East tensions and oil fears rise again

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All eyes are on the Middle East as tensions continue to rise once again, after Iran seized two foreign vessels in the Strait of Hormuz. Iran says the action was in response to what it calls U.S. aggression, raising fresh concerns over security in one of the world's most important oil routes. To reflect on these developments is Volker von Widdern, Riskonet Head of Strategic Risk .

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