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Energy analysts warn that prolonged disruptions in the Strait of Hormuz following U.S. strikes on Iran could trigger a $100-per-barrel oil price surge, reminiscent of 1970s energy crises. The Strait, a critical global oil transit chokepoint, handles nearly 20% of the world's oil supply. Escalating geopolitical tensions in the region are fueling fears of supply shocks, with potential ripple effects on global energy markets and inflation. Commodity traders are closely monitoring military movements and OPEC+ policy responses. A sustained crisis could destabilize energy-dependent economies and accelerate the shift toward alternative energy sources.
