Comment by hattmall

Iran has been keeping it open to avoid attacks. Their first order of business if they get nuclear weapons would be closing the strait and implementing a far more massive toll. They already have ICBM capable of hitting Europe. This isn't really America's problem though, the price of oil won't go parabolic, it will fracture. That's what the current price action is leaning towards. So cheaper oil in the Americas and vastly more expensive oil in Europe.