Various sources:

If the US joins military attacks against Iran, retaliation may include

  • the laying of mines in the Strait of Hormuz
  • targeting of US military bases in the Gulf

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Upward pressure on oil prices would not appear to be going way any time soon:

brent oil price iran mine strait of hormuz 2

Technical analysts will be pointing to a potential triple top not too far way - comments welcome!

Source: Forex Live