Global oil prices surged over 17% in a single week as escalating conflicts in West Asia disrupted shipping through the Strait of Hormuz, a critical chokepoint for global oil exports. The closure of this strategic waterway has forced producers to halt output, creating immediate supply concerns. With over 20% of the world's oil transiting through Hormuz, the crisis has triggered panic buying and speculative trading in energy markets. This volatility is reshaping risk appetite across asset classes, with investors fleeing equities and bonds to seek safe-haven assets like gold. Traders are closely monitoring potential sanctions on regional producers and alternative shipping routes. The International Energy Agency has warned of prolonged supply disruptions if the conflict escalates further. For Gulf investors, the situation presents both risks and opportunities. While domestic oil producers may benefit from higher prices, regional stability remains under threat. Key metrics to watch include OPEC+ production cuts, US shale output responses, and the viability of Red Sea bypass routes. Energy ETFs and Middle East-focused equities could see increased trading activity in the coming weeks.

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