The global energy market is on edge as the U.S.-Israel-Iran conflict turns the Strait of Hormuz into a literal no-go zone. With 20% of the world's oil and gas stuck behind a blockade, we’re seeing the biggest price spike in years.
Here is the situation on the ground:
- Brent crude has jumped to nearly $80, with experts warning it could hit $150 if this drags on.
- Iran is now targeting energy infrastructure, recently forcing Saudi Arabia to shut its largest refinery after a drone strike.
- Shipping is paralyzed as insurers pull coverage, effectively choking off global fuel supplies.
We aren't just looking at expensive petrol; we're looking at a global supply chain that’s losing its main artery.
March 3, 2026 463 1 1
