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The world's most expensive "traffic jam"—The Strait of Hormuz, tension rises, oil prices follow suit
If there is one "most expensive waterway" in the world, it must be the Strait of Hormuz. Every day, a large number of oil tankers pass through here, creating scenes comparable to a rush hour on the sea.
Recently, due to Iran laying mines in the strait, this "maritime highway" has suddenly taken on a more suspenseful atmosphere.
Imagine: a super oil tanker carrying hundreds of thousands of tons is sailing slowly, the captain sipping coffee when suddenly receiving a message—there might be mines ahead.
The coffee instantly loses its flavor.
From a military perspective, mines are a low-cost but highly deterrent weapon. They are not as flashy as missiles, but their effect is very direct: no one wants to risk a few hundred million dollars’ worth of oil tankers.
The financial markets react very quickly to this. Oil prices usually wake up like hearing an alarm clock and then start jumping around.
The reason is simple: if the efficiency of this route decreases, global oil supply will become uncertain. What the market fears most is not bad news, but uncertainty.
So investors start doing two things collectively: First, studying oil prices. Second, studying maps.
Interestingly, many people have never paid serious attention to where the Strait of Hormuz is before, but as soon as oil prices rise by a few dollars, everyone suddenly becomes very interested in geography.
Of course, most of the time, this tension is more part of a game. The strait won't really be closed for long because the cost would be too high for everyone.
But market sentiment is like the weather— even just cloudy skies are enough to make people take an umbrella in advance.#伊朗在霍尔木兹海峡布设水雷