In June 2019, Brent crude oil prices spiked to $80-81 per barrel after Iranian members of parliament threatened to close the Strait of Hormuz, but prices dropped to $68 per barrel immediately following the announcement of a ceasefire.

Authors

• Person: Not available Organization: CSIS
  United States and Iran on the Brink: What's at Stake? - CSIS

Sources

• United States and Iran on the Brink: What's at Stake? - CSIS www.csis.org CSIS via serper

Referenced by nodes (2)

• Strait of Hormuz location
• Iran entity