Now That Iran Has Closed The Strait Of Hormuz, How High Will The Price Of Oil Go?

Now That Iran Has Closed The Strait Of Hormuz, How High Will The Price Of Oil Go?

The war with Iran that we have been waiting for is officially here. The U.S. and Israel are absolutely pummeling Iranian military targets, and in return the Iranians are striking targets all over the Middle East. As you will see below, even a British military base in Cyprus has just been hit. I think that the Iranians were hoping that the unexpected nations that they are targeting would be so traumatized that they would beg the United States to …

Global Energy Crisis: Strait of Hormuz Effectively Shut as Iran Targets Commercial Vessels

The maritime situation in West Asia has reached a critical boiling point. On Wednesday, March 11, 2026, the Strait of Hormuz—the world’s most vital energy chokepoint—remained effectively closed to almost all non-Iranian shipping. The move comes as Iran intensifies attacks on commercial vessels to exert global economic pressure on the U.S. and Israel. Escalating Attacks in the Gulf The UK Maritime Trade Operations (UKMTO) reported that three vess…