The Strait of Hormuz: A Flashpoint in Global Markets The recent escalation of US Iran tensions has sent shockwaves through global energy markets, pushing Brent crude prices above $90 a barrel for the first time since June.
However, this situation is far more complex than a simple oil price hike.
The increasingly volatile strait of Hormuz has become a chokepoint in international trade, with Iran's assertive stance on shipping flows and its apparent willingness to target critical infrastructure across the Gulf sparking jitters among investors.