Iran Unrest Rekindles Threat to Hormuz Oil Lane

Oil prices climbed toward multi‑week highs as unrest in Iran and U.S. threats raised fears of potential disruption to Middle East oil supply via the Strait of Hormuz, which carries about 20% of global oil. While a full closure is considered unlikely, analysts warn that even limited disruption could lift prices, with Brent around the mid‑60s and WTI near $60 as markets price uncertainty rather than catastrophe. Iran has alternative routes like Goreh‑Jask, but they are not yet a complete substitute.