Strait of Hormuz crisis pushes oil towards 100 dollars
The prices are climbing sharply after US and Israeli strikes on Iran, raising fresh concerns over stability in the Strait of Hormuz. With nearly 20 per cent of the world's oil supply passing through this narrow shipping route, even limited disruption can send shockwaves through global markets.
Crude jumped around 8 per cent at the start of trading, and analysts are now watching whether prices could test the 100-dollar-per-barrel mark. But this story goes beyond simple supply fears. Insurance premiums, tanker rerouting, and longer shipping times could quietly tighten global energy flows without an official blockade.
What happens next could affect fuel prices, inflation and central bank policy worldwide. Is this a short-term spike, or the beginning of a deeper energy risk reset?
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