Oil traders are under-prepared for another flare-up in U.S.-Iran tensions, energy analysts have told CNBC, as President Donald Trump’s administration prepares to impose “major ” new sanctions on the Islamic Republic.
Six oil tankers and a U.S. spy drone have been attacked since May either in, or near, the Strait of Hormuz — the world’s busiest transit lane for seaborne oil shipments that separates Iran from its neighboring Gulf states.
The flurry of attacks has escalated tensions between the U.S. and Iran.
