U.S. naval blockade of Iran impacts global markets

Oz Sultan examines U.S. naval blockade of Iran and its global oil supply, economic impact, and international reactions

The United States has launched a naval blockade against Iran following the collapse of peace talks, marking a major escalation in tensions. Tehran has responded with threats of retaliation, raising fears of a broader regional conflict with global consequences.

The crisis is already sending shockwaves through energy markets, with the vital Strait of Hormuz at the centre of concern. As a key artery for global oil supply, any disruption is pushing prices higher and forcing countries to scramble for contingency plans.

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