Gulf countries fear the closing of the Ormuz Strait

By Olivier Guitta

While the situation with Iran escalates, and oil prices are increasing steadily, the following story makes completely sense.
From The Croissant:

Gulf countries are worried about the repercussions on the oil sector in case of a war with Iran.

Fact:
Iran’s Supreme Leader Ali Khamenei had threatened on several occasions to close the Strait of Ormuz in the event of a war
The Strait of Ormuz is the lifeline of the Gulf: 20% of the world oil production transits through there

Potential consequences of the closing of the Strait of Ormuz:
A major energy crisis
A steep fall of revenues for these countries

Solution:
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