Neil Crosby, AVP Oil Analytics at Sparta, on the potential impact of continued disruption in the Strait of Hormuz.
Crude oil prices have increased sharply since the United States and Israel started their coordinated strikes on Iranian military targets on 28 February 2026.
With tensions centred on the Strait of Hormuz, a key energy chokepoint, global oil, LNG and chemical supplies are under threat. ICIS experts report that Brent crude surged more than 8% in early Asian ...
Following the escalation of US Israel/Iran conflict that has raised the risk of disruption in the Strait of Hormuz, which handles ~15 - 20% of globally traded crude and major LNG flows ...