Recent turbulence in the global oil market has once again highlighted how geopolitical tensions around the Strait of Hormuz directly affect energy pricing. When signs of disruption emerge, markets quickly react by driving up crude oil prices almost immediately. However, these reactions do not reflect the full impact, which unfolds over a longer period. In
Tensions in the Middle East escalated on the morning of Wednesday, April 22, 2026, after three cargo vessels came under attack in the Strait of Hormuz, a critical global shipping route. The incident occurred just hours after Donald Trump announced an extension of a ceasefire aimed at easing hostilities between the United States and Iran.
The government of Iran has come out with an official statement stating that it will lift its restrictions imposed earlier on its maritime routes. The country has stated that the Strait of Hormuz is completely open for navigation throughout the period of the ceasefire in Lebanon. In a statement attributed to Iranian Foreign Minister Seyed
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