Chief Economist de la Rubia: Blockade of the Strait of Hormuz drives up oil costs – “For quite a long time” – Video | EUROtoday

The Iran battle is driving oil costs to file ranges. The blockade of the Strait of Hormuz is making the state of affairs worse. “A prolonged conflict could drive the price of oil to $150,” says Cyrus de la Rubia, chief economist, in an interview with Dietmar Deffner on WELT TV.