Markets

The global energy market endured a week of historic turbulence as the conflict in the Middle East effectively shuttered the Strait of Hormuz, a chokepoint responsible for 20% of global oil flows.

The global oil market is expected to brace for exceptional volatility in the coming week.

As the US-Israeli conflict with Iran renders the Strait of Hormuz blockage, the world is struggling not just with high oil prices but with the physical inability to turn crude oil into usable fuels. 

As of mid-Mar., the

The blockage in the Strait of Hormuz in Mar. has forced Europe into a defensive crouch as it battles two simultaneous energy crises.

As of Mar., the global energy market has been radically restructured by the US-Israel-Iran war and the

The

The

The week of March 2–6, 2026, will be recorded as the moment the global energy landscape fundamentally fractured amid the US/Israel-Iran war.

The global energy market entered a period of historic volatility this week as the outbreak of war between the US, Israel, and Iran paralyzed the world’s most vital oil chokepoint.