Most banks and analysts frame the possibility of even higher oil prices or a forced closure of the strait as a small risk, for now. Citigroup, for instance, put the chance of a $120 barrel of oil at only 20% in a Monday note. Analysts have also noted the logistical difficulties Iran would face in ordering and maintaining a closure of the strait, including U.S. naval superiority in the region and the risks the regime would run of losing allies by cutting off energy supply. The threat of closure also isn’t new for the Islamic Republic, which has threatened to close the strait multiple times in the past, but never fully followed through.
Finally, the error (ε) associated with any a / b can be easily calculated as:
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