Iran sets conditions to reopen Hormuz: sanctions and war payment

WHAT HAPPENED

Iran conditioned the reopening of the Strait of Hormuz on the United States lifting its sanctions and paying a war indemnity. Brent oil rose by more than 1%, to nearly $84 per barrel.

WHY IT MATTERS

One-fifth of the world's oil passes through Hormuz, but between August 4 and 6, only 8 to 15 oil tankers crossed, compared to about 130 before the conflict. Uncertainty may raise gasoline, flight, freight, and imported product prices; transportation, airlines, and logistics feel it first.

AND FOR YOUR PORTFOLIO

If oil stays above $80-85 for several weeks, the cost of moving goods and operating vehicles increases. This can reduce the margins of transportation companies and pressure inflation, while households face higher gasoline and product prices.