Investors must prepare for higher interest rates due to the escalating Iran conflict, CEO of a leading independent financial advisory has warned. Oil markets convulsed following threats to shipping through the Strait of Hormuz, the passage that carries roughly 20% of the world’s crude and natural gas supply. An Iranian Revolutionary Guard commander declared that the Strait of Hormuz, the single most critical artery for global crude shipments, has been shut and threatened to ignite any vessel attempting passage, according to reports. The benchmark Brent crude surged above $87 a barrel on Tuesday after jumping more than 9% in a The post Oil surge “signals higher rates ahead”, deVere boss warns appeared first on Financial Mirror .