30.03.2026 07:50
In the first month of the Iran War, disruptions in the Strait of Hormuz impacted global oil supply, and the Bab-el-Mandeb Strait was also put at risk. As Trump's statement of "we are starting to take control" and the increasing likelihood of ground operations escalated tensions, Brent crude rose above 116 dollars, leading to a fuel crisis in the Asia-Pacific region.
As the Iran War surpasses a month, the disruptions in energy lines are deeply shaking global markets. Especially the developments in the Strait of Hormuz have pushed oil prices to their highest levels in recent years.
GLOBAL ENERGY LINES STRUCK
The disruption in the Strait of Hormuz, through which approximately 20 million barrels of oil and oil products pass daily and where 90% of Iranian oil is shipped, has directly affected global energy supply. With the strait nearly completely closing, a loss of millions of barrels in supply occurred, leading to significant fluctuations in the markets.
BAB AL-MANDEB ALSO AT RISK
With Yemen's involvement in the war, the Bab al-Mandeb Strait, one of the critical transit points of global trade, has also come under threat. This development has begun to threaten not only energy markets but also the flow of global trade.
CRITICAL STATEMENT FROM TRUMP
U.S. President Donald Trump's statement, "We have begun to take control of the Strait of Hormuz," and the strengthening possibility of a ground operation have further heightened tensions in the region. Washington's increase in military presence on the ground has raised concerns that the conflict could spread to a wider area.
OIL PRICES SOAR
Following the developments, Brent crude oil prices have risen above $116 per barrel. Experts warn that if uncertainty in Hormuz continues, prices could rise even further.
FUEL CRISIS IN ASIA-PACIFIC
The blockage in Hormuz has directly affected many regions, especially Asia-Pacific countries. U.S. allies like South Korea, Australia, and the Philippines are facing fuel shortages, while it has been reported that some tankers are making limited passages under Iranian protection.
TENSION TURNING INTO GLOBAL CRISIS
The contraction in energy lines, military mobilization, and harsh statements are increasing concerns that the Iran War could transform from a regional conflict into a global economic crisis.