Pessimistic
Last updated: 2026-03-04 02:39:51 ET
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.
The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
Oil prices could move higher still if Iran targets Persian Gulf energy infrastructure and the Strait of Hormuz closure is prolonged.
The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
Global oil prices are in the high $70s as traffic through Strait of Hormuz comes to a halt. Some analysts have warned they could top $100 a barrel if the stoppage is prolonged.
Energy analysts are bracing for a possible oil supply shock after U.S. strikes on Iran reignited fears of disruptions in the Strait of Hormuz.
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