Blockade of Strait of Hormuz will send oil prices to record levels

A potential U.S. naval blockade of Iranian ports could trigger an unprecedented shock in global energy markets. Oil prices have already surged, with Brent crude exceeding $103 per barrel after failed diplomatic talks between Washington and Tehran. Experts warn that current prices do not reflect a worst-case scenario, in which oil could reach $140–150 per barrel.

Analysts estimate that a full blockade, especially around the Strait of Hormuz, could disrupt up to 12 mln barrels per day, escalating regional tensions into a global crisis. The economic impact would hit Asia and the Pacific hardest due to their dependence on oil imports. Some stabilization is possible if U.S. actions are scaled back.

(pb.pl)