Iran war oil prices: Brent Crude rises as Strait of Hormuz supply threatens global markets

Oil prices surged after U.S. and Israeli strikes on Iran raised fears of Strait of Hormuz disruption, a chokepoint that carries about 20% of global crude supply.

Why the Strait of Hormuz remains the world’s most critical oil chokepoint

Following series were published in June 2025 and is being republished due to the recent shift in geopolitics around the Strait

Asia’s top economies are most vulnerable to any disruption at the Strait of Hormuz

Over a quarter of global seaborne oil flows through the Strait of Hormuz—making Asia’s top economies especially vulnerable to any disruption.

Iran–Israel Clash Threatens Oil Chokepoints & Global Shipping

Israel’s strikes on Iran’s strategic sites have sent Brent crude and gold prices sharply higher, while potential threats to Kharg Island and the Strait of Hormuz chokepoints could force shipping reroutes, risking wider global supply-chain disruptions.