Tensions between the United States and Iran have intensified, creating fresh concerns over global energy supplies. Shipping through the strategically vital Strait of Hormuz has fallen sharply, with tanker traffic nearly grinding to a halt after recent attacks on vessels. The waterway normally handles around one-fifth of the world’s oil flows, making the disruption a major concern for global markets.
US President Donald Trump has stepped up his rhetoric against Iran, calling the country “very evil” and urging Americans to accept higher gasoline prices as Washington continues its pressure campaign. Oil prices have also risen amid renewed tanker attacks and stalled peace efforts, with Brent crude recently climbing above $88 a barrel.
Iran, meanwhile, insists that it controls the Strait of Hormuz and has rejected US claims over the strategic waterway. With both sides refusing to back down, shipping activity remains far below pre-war levels, raising fears of prolonged disruption to oil supplies and further pressure on fuel prices and the global economy.
