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Market Extra: Strait of Hormuz: Oil ‘choke point’ in focus as U.S.-Iran tensions rise following attacks on tankers

The Strait of Hormuz, the world’s most sensitive oil-transportation choke point, remains in focus, after two tankers were attacked and damaged off the coast of Iran on Thursday.

U.S. Secretary of State Mike Pompeo blamed Iran Thursday for the attacks and U.S. Central Command released a video that it said showed a vessel operated by the Islamic Revolutionary Guards removing a mine from one of the ships. President Donald Trump on Friday morning told Fox News, “Iran did do it.”

Iranian officials have denied responsibility, suggesting the U.S. or its allies were behind the attacks.

The attacks follow a May incident that saw four tankers damaged in what Gulf authorities deemed “sabotage.

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