'Oil prices rising, but no panic yet', as Iran threatens to close Strait of Hormuz

World markets seem "relatively sanguine" despite oil prices rising in early trading, following a threat by Iran to close the Strait of Hormuz, according to Sky's Economics and Data Editor. The country has suggested it could close one of the world's busiest shipping routes - in which 20% of the world's oil passes - in retaliation for US air strikes on its nuclear sites. But Ed Conway says the markets are "not anywhere close to panic" at the moment. #skynews #iran #middleeast #oilprices 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 Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ 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 To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales