Ed Conway breaks down the impact of the latest attacks in the Gulf and Strait of Hormuz

Oil prices have risen again following another 24 hours of attacks on shipping in the Strait of Hormuz. The International Energy Agency announced earlier it was releasing a record amount of oil from national reserves onto the market in an effort to stop oil prices rising. However, continued Iranian attacks on oil-producing nations in the Gulf - and strikes on three cargo vessels overnight - pushed prices back up again. Read more: https://news.sky.com/story/iran-latest-trump-tehran-israel-strikes-us-drone-live-sky-news-13509565 #iran #straitofhormuz #middleeast #globaleconomy SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Listen to our new podcast This is Why, available for free here: https://podfollow.com/thisiswhy To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales