00:00The joint American and Israeli strikes on Iran made themselves felt on the stock market on Monday.
00:07Prices for oil soared. Brent crude surged to $79 a barrel in early trade on Asian markets.
00:15It's a stark difference to the $72.87 at which markets closed on Friday.
00:21Brent, the international benchmark for crude, already rose last week,
00:26ahead of the strikes that began on Saturday and which killed Iran's supreme leader Ayatollah Ali Khamenei.
00:33The reasons for the rise in oil prices lie not only in the explosive nature of the conflict.
00:39Iran also controls the Strait of Hormuz.
00:42Around 20% of global oil shipments pass through it.
00:46For now, Iran has not closed the strait,
00:50but its revolutionary guards have warned against transiting the waterway.
00:54Two ships were reportedly hit by strikes on Sunday, enough to deter the rest.
01:01The main shipping companies already confirmed that they are suspending the passage of their fleets along the route.
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