Last mentioned: 5d ago
Emergency Regulations
India, Thailand, and Philippines announce energy conservation and labor mandates.
Market Peak
Oil prices hit a peak of nearly $120 per barrel before settling near $90.
Hormuz Blockade
Effective shutdown of the Strait begins, trapping 20 million barrels of oil per day.
Missile Strikes
U.S. and Israel launch strikes killing Iranian leader Ayatollah Ali Khamenei.
Pre-Conflict Stability
Oil prices trade below $70 per barrel with normal traffic through the Strait of Hormuz.
The effective closure of the Strait of Hormuz following U.S.-Israeli strikes on Iran has sent oil prices soaring and disrupted global supply chains. This 'nightmare scenario' is forcing central banks to recalibrate inflation strategies while governments implement emergency energy conservation and labor mandates.