Strait of Hormuz - MarketMinute (Page 6)

Strait of Hormuz

Strait of Hormuz Closure: Global Energy Markets Braced for Massive Shock After Iran Strikes US and UK Vessels

MANAMA, Bahrain — The world’s most critical energy artery is at a virtual standstill today, March 2, 2026, as the Strait of Hormuz faces a de facto closure following a series of high-stakes military escalations. Following the launch of a massive joint military operation by the United States and Israel

Oil Prices

Chokepoint Crisis: Crude Surges as Persian Gulf Tensions Threaten Global Energy Arteries

HOUSTON, TX — Global energy markets are bracing for a period of extreme volatility as crude oil prices surged past $95 per barrel this week, fueled by a dramatic escalation in geopolitical tensions between Western powers and Iran. The threat of a military conflict in the Persian Gulf has moved from

Oil Prices

Geopolitical Tension in the Strait: Iran’s Naval Drills and U.S. Diplomacy Create Tug-of-War for Global Oil Prices

LONDON/NEW YORK — February 17, 2026 — Global energy markets are currently suspended in a delicate balancing act as the Islamic Revolutionary Guard Corps (IRGC) concludes its "Smart Control of the Strait of Hormuz" naval exercises. The drills, which included the temporary closure of sections of the world’s

Oil Markets

WTI Oil Rebounds to $65 Following Cancellation of US-Iran Talks

Energy markets were jolted into a high-volatility state this month as West Texas Intermediate (WTI) crude surged to the $65.00 mark, driven by the abrupt cancellation of high-stakes nuclear negotiations between Washington and Tehran. The talks, which were scheduled to take place in Istanbul, Turkey, fell apart after a