Strait of Hormuz crisis deepens

The maritime standoff in the Strait of Hormuz has entered a critical new phase as the U.S. naval blockade begins to severely impact global energy markets.

Over 60 million barrels of Iranian oil are currently stranded at sea, unable to reach international markets due to U.S. enforcement measures.

The resulting supply crunch has driven Brent crude prices to their highest levels since 2022, sparking fears of a broader inflationary shock.

While Tehran has threatened to retaliate by charging tolls for passage, the Trump administration remains committed to the siege until a new nuclear agreement is reached.