Energy — Iran Conflict Disrupts Strait of Hormuz Shipping Operations

Energy · 2026-03-02

The energy markets are experiencing a severe supply shock as the US-Israeli conflict with Iran effectively shutters the Strait of Hormuz, through which 20% of global oil and LNG flows. The immediate impact is reflected in double-digit price surges across petroleum products, with diesel showing particular vulnerability with a 17% jump. The disruption has triggered a cascade of strategic shifts:…