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"

LISTEN ABOVE

The US/Israeli missile strikes against Iran have caused uncertainty around oil prices.&nbsp;
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.&nbsp;
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"
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Terry Collins: AA Principal Policy Adviser discusses importance of the Strait of Hormuz for international oil prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8e4227be-a716-4e19-b7db-b400013db28a/transcript