Oil prices rise after ships attacked near Strait of Hormuz

"The market isn't panicking. There is more clarity that so far, oil transport and production infrastructure hasn't been a primary target by any side."

— Saul Kavonic , Academic

"The turmoil and bombing across the Middle East will surely be a catalyst to disrupt oil distribution globally, which will inevitably lead to price hikes."

— Edmund King , Activist

"Because of Iran's threats, the strait is effectively closed."

— Homayoun Falakshahi , Academic

"is a worrying sign that bills for both homes and businesses could rise again"

— Jess Ralston , Executive

"The market isn't panicking."

— Saul Kavonic , Academic

"The jump in prices will feed through almost immediately."

— Robin Mills , Executive

"The turmoil and bombing across the Middle East will surely be a catalyst to disrupt oil distribution globally."

— Edmund King , Activist

"It will start to cascade into other prices such as food, agriculture, industrial commodities."

— Subitha Subramaniam , Academic

"This might slow the pace of monetary easing by major central banks, particularly in emerging markets, where policymakers tend to be more sensitive to swings in commodity prices."

— William Jackson , Executive

"Roughly one-fifth of global oil supply passes through the Strait of Hormuz, a vital artery for world trade, meaning markets are more concerned with whether barrels can move than with spare capacity on paper."

— Jorge León , Other