Brent Crude — Live
per barrel · USD · data delayed 15 min
War start
$85
Peak price
$134.8
Total change
+14.7%
Price at war start
$85
Mar 1, 2026
Current price
$97.46
Brent crude
Conflict peak
$134.8
Apr 8, 2026
Change since conflict
+14.7%
+$12.46/bbl
Strait of Hormuz closure: which countries will be hit the most
A closure of the Strait of Hormuz would send shock waves through global energy markets, but the pain would be felt most acutely in Asia.
PDF Strait of Hormuz Disruptions: Beyond reopening - lasting ... - UNCTAD
After 100+ days of disruption, trade through the Strait is set to resume. Daily ship transits through the Strait of Hormuz in 2026 The prospect of the Strait opening is calming energy markets down. Daily price of crude oil in US$ per barrel But in some sectors, such as transport, prices take longer to adjust.
Strait of Hormuz Tanker Traffic Erodes Further as Oil Prices Rise
Just 13 ships passed through the Strait of Hormuz on Wednesday, the first full day of the reinstated U.S. naval blockade on maritime traffic to and from Iranian ports in the vital waterway.
Iran Conflict and the Strait of Hormuz: Impacts on Oil, Gas, and Other ...
Mar 11, 2026 ... However, more than 75% of spare production capacity is located in Middle East countries that export crude oil through the Strait, thereby ...
Ships shun Strait of Hormuz as renewed fighting strains key oil corridor
5 hours ago ... Kpler data similarly show activity deteriorating almost immediately after the blockade began. Daily crossings, which had averaged more than 20 ...
How the US naval blockade has bled Iran of nearly $6bn in oil ...
Jun 5, 2026 ... How have Iranian oil exports been affected by the US blockade? ... According to data from trade intelligence firm Kpler, Iranian crude oil and ...
US x Iran permanent peace deal by...? - Polymarket
Jun 18, 2026 ... **US and Iran reached a 14-point memorandum of understanding in mid-June 2026 to end more than 100 days of conflict, reopen the Strait of Hormuz ...
2026 Strait of Hormuz crisis - Wikipedia
From 13 April to 29 May 2026, the US simultaneously blockaded Iranian ports. Until the war's start, about 25% of the world's seaborne oil trade and 20% of the ...
What the closure of the Strait of Hormuz means for the global economy
The closure of the Strait of Hormuz following the outbreak of military conflict with Iran on Feb. 28, 2026, is the latest example of a geopolitically driven oil supply disruption. Recent Federal Reserve Bank research quantifies the potential effects on global output, allowing detailed analysis of a range of scenarios.
2026 Iran war | Deal, Explained, United States, Israel, Strait of ...
The 2026 Iran war is a conflict that is centered on Iran and was initiated by the United States and Israel on February 28, 2026, embroiling the entire Middle East region.
US escorted around 1,500 vessels through Strait of Hormuz — CENTCOM
NEW YORK, August 28. /TASS/. Over the past few months, the US military helped approximately 1,500 ships to pass the Strait of Hormuz, US Central Command (CENTCOM) chief Admiral Bradley Cooper. "Over the past several months, US forces have assisted nearly 1,500 commercial vessels in transiting the strait by providing coordinated protection. Those ships were carrying nearly 750 million barrels of crude oil, destined for global energy markets," he said in a video address, posted on the X social network. Cooper claimed that since the US resumed its maritime blockade on Iran in mid-July, the Islamic republic "has exported zero oil from its shores." The United States resumed its maritime blockade of Iran on July 14. US CENTCOM’s forces have since redirected 75 vessels and disabled three.
How Deal With U.S. Could Reconnect Iran to the Global Economy
Jun 20, 2026 ... The Trump administration agreed to allow Iran to start exporting oil, a crucial source of revenue. That means the country will no longer have to ...
The Strait of Hormuz: World Oil Chokepoint
Approximately 20% of global oil supply — around 20 million barrels per day — transits the Strait of Hormuz. It is 33 km wide at its narrowest point, between Iran and Oman. Any threat to this corridor causes immediate market panic, because there is no practical alternative route for Persian Gulf producers.
How military strikes affect prices
When the US or Israel conducts air strikes on Iranian targets, oil markets immediately price in the risk of Iranian retaliation against Gulf shipping. Even if no tankers are directly hit, the uncertainty premium pushes Brent crude up by $5–15 per barrel within hours. Insurance rates for vessels transiting the Gulf spike, raising the effective cost of transport.
Blockade attempts and tanker attacks
Iran has the capability to lay mines, deploy fast-attack boats, and use shore-based anti-ship missiles to threaten tanker traffic. A credible blockade threat — even a partial one — can take 20% of world supply off the market overnight, causing the kind of price spike seen in April 2026 ($134.8/bbl). Physical attacks on tankers are rare but cause disproportionate market moves.
How ceasefire talks reduce prices
Diplomatic developments — UN mediation, ceasefire proposals, even back-channel talks — typically cause a $5–10 correction downward within the same trading session. Markets react to the prospect of restored Hormuz access more than to actual supply figures. When ceasefire talks stalled on April 12, prices immediately rebounded.
Impact on the global economy
A sustained $50/bbl increase in oil prices (from ~$85 to ~$135) adds roughly 0.5–0.8% to global inflation. Countries most exposed include those in Asia — Japan, South Korea, India — which import most of their oil from Gulf producers. Europe faces energy security concerns linked to existing gas supply constraints. For the US, higher gasoline prices are the most direct consumer impact.