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On the 11th day of the US and Israeli operations against Iran (March 10, 2026), the Strait of Hormuz, the world's most critical energy transit point, is effectively blocked.
#OilPricesPullBack
Carrying an average of 20-21 million barrels of crude oil and petroleum products daily, the strait accounts for approximately 20-25% of global oil trade and 25% of maritime oil trade. Due to the conflict, tanker traffic has almost completely stopped, some Gulf producers have shut down production, and the Brent oil price rose to $94 per barrel on March 9th – an increase of approximately 50% compared to the beginning of the year.
Global Impacts: Price Shock and Chain Reaction Crisis
80% of the oil passing through the Strait of Hormuz goes to Asia (China, India, Japan, South Korea). The closure or significant disruption of the strait directly leads to a supply shortage in these countries. Experts say that even if the disruption lasts only 1-2 weeks, prices could exceed $100, and if it lasts a month or longer, they could reach $120-150 or even $200. Not only oil, but also a large portion of LNG (liquefied natural gas) and fertilizer (sulfur, ammonia) trade passing through the strait is affected. Some LNG facilities in Qatar have shut down, and gas prices in Europe have peaked. Increased costs are expected in every sector of global supply chains, from clothing and medical supplies to agriculture and industry. While Fitch Ratings predicts the closure will be temporary due to the strait's "vital role," they emphasize that prolonged congestion will significantly push back their 2026 oil price forecasts. Alternative routes (such as Saudi Arabia's East-West pipeline) have a capacity of 3.5-5.5 million barrels per day, but this is insufficient and increases costs. Conclusion: The risk of stagflation in the global economy is triggering a decline in stock markets and a currency crisis in developing countries.
🤔 President Trump's statements, "The war is almost over... I'm even considering taking over the Strait," and the #TrumpSaysIranConflictNearsEnd hashtag have partially eased market concerns. The initial surge in oil prices (predictions reaching $120 in the early days of the operation) has subsided. However, Iran's stance of "We decide when to open the Strait" and the threats from the Revolutionary Guard keep the risk alive.
✨ The Strait of Hormuz is the "energy heart" of the world. Its width is only 33 km, making it the only route suitable for tankers in terms of depth. Iran's geographical advantage comes into play here: the regime uses the Strait as a "weapon." Historically, similar crises have occurred (the 1980s Tanker War), but production and trade never stopped on the scale we see today. A short-term disruption is "manageable," but one lasting longer than a month could trigger a global recession.
#GoldAndSilverMoveHigher
The economic impact of the Strait of Hormuz is not limited to rising oil prices; it is key to global trade, inflation, and geopolitical balance. Currently, the blockage in the strait appears temporary, and Trump's message that it will "end soon" is supporting the markets. However, if the conflict drags on, all importing economies will pay a heavy price. Developments will be directly felt in the coming days through the price of a barrel of oil and pump prices. The fate of a strait in the Middle East determines the economies of half the world.
Victory or new uncertainty?
The operation, which Trump described as a "short-term adventure," is indeed progressing faster than planned. However, history shows that declarations of "quick victory" in the Middle East often create new problems. Trump says he wants to stop Iran's nuclear program and regional expansionism "never again"; but the regime's resistance and the new leader's tough stance make it doubtful that the conflict will end completely in the short term.
From an economic perspective, fluctuations in oil prices directly affected the US domestic market and global trade. The increase in gas prices reignited inflation concerns. While markets were partially relieved by Trump's "it will end soon" message, any disruption in the Strait of Hormuz still carries significant risks. Politically, Trump's statements both please his base and provoke criticism from opponents of "hasty" actions. Internationally, NATO allies and Russia have offered mediation. Trump's implication that "we have a new leader to run Iran" once again reveals Washington's goal of regime change.
News circulating under the hashtag #TrumpSaysIranConflictNearsEnd reflects Trump's confident tone: "The war is almost over, it will end very soon." While military data indicates the operation is indeed in an advanced stage, Iran's defiance and Trump's own contradictory messages suggest a complete closure is yet to come. Will the conflict truly end as a "short-lived adventure," or will it mark the beginning of a new geopolitical equation? The coming days will provide the answer. The only thing certain at the moment is that Trump is ready to declare "victory" and Iran seems determined to resist. Developments must be closely monitored; because in the Middle East, the end of a war is usually the beginning of a new era.