Oil Markets Brace for Pain as Iran Strikes Elevate Hormuz Risk
The US–Israeli strikes on Iran have raised the risk of disruption in the Strait of Hormuz, potentially choking up to 15 million barrels per day of crude flows. Analysts warn Brent could jump from the high $60s toward $70–$90 in the near term, with a prolonged closure or significant disruption potentially pushing prices above $100 a barrel, despite OPEC+ production steps intended to stabilize markets. The situation underscores the Strait of Hormuz as a critical chokepoint whose stability is essential for global oil flows and prices.
