The Strait of Hormuz Conflict Just Escalated Again. Here's What It Means for Shell.
The oil major's regional operations have taken a hit. Will its share price follow?
Overview
The war in Iran, now more than six months old, had seen a lull in fighting since late July. But that all changed over the weekend as the U.S. launched its first known military strikes on the country in a month.
Over the weekend, the U.S. struck two rocket launchers on Iran's Larak Island in the Strait of Hormuz. The U.S. claimed that Iran was planning to use the launchers to launch sea mines into the Strait.
Details
In response, Iran fired missiles at U.S. bases in Jordan. Jordanian officials said that their air defense systems successfully intercepted and destroyed all eight of the missiles.
Source
Originally published at www.fool.com.
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