Global oil prices have climbed sharply after at least three vessels were attacked near the Strait of Hormuz, raising fresh concerns over supply disruptions.
The escalation comes amid heightened regional tensions, as Iran intensifies strikes across the Middle East in response to continued military actions by the United States and Israel.
Tehran has reportedly warned commercial vessels against passing through the Strait of Hormuz — a vital maritime chokepoint responsible for transporting roughly 20% of the world’s oil and gas supplies.
Analysts say any prolonged disruption in the corridor could trigger further spikes in global energy prices, deepen market volatility, and place renewed pressure on economies already grappling with inflation.
