Iran War
Energy Shock: Strait of Hormuz Closure Sends Brent to $105 as Geopolitical Conflict Roils Global Markets
As of March 18, 2026, global financial markets are reeling from the most significant military escalation in the Middle East in a generation. Following the total closure of the Strait of Hormuz by Iranian forces, Brent crude oil prices have surged to $104.76 per barrel, a level not seen