On the other side of the war against Iran, what happened to the price of oil? The American attack on Iran and the closure of the Strait of Hormuz by Iran increased the cost of transporting oil from the United States to Japan ninefold to $81 million for the shipment of 2 million barrels, and the incitement of the United States and Israel seriously endangered the global economy and energy security.

On the other side of the war against Iran, what happened to the price of oil? The American attack on Iran and the closure of the Strait of Hormuz by Iran increased the cost of transporting oil from the United States to Japan ninefold to $81 million for the shipment of 2 million barrels, and the incitement of the United States and Israel seriously endangered the global economy and energy security.