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Market Extra: Strait of Hormuz: Oil ‘choke point’ in focus as U.S. ends Iran oil waivers

Geography could matter for investors if Tehran moves to close or at least hinder the world’s busiest waterway for global oil shipments in retaliation for the U.S. decision Monday to demand that all Iran oil buyers halt purchases by May 1.

Read:The end of Iranian oil waivers and what it means for the OPEC-led output cut pact

Most analysts see little scope for Iran to close the Strait of Hormuz, often described as the most crucial “choke point” in the global energy supply chain. But Tehran’s threat to disrupt the flow of crude — and the prospect of military action in the region — have the potential to stoke anxiety, experts said, contributing to a geopolitical premium for crude prices.

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