Iran War, Strait of Hormuz Control
Analysis based on 13 articles · First reported May 13, 2026 · Last updated May 14, 2026
The US-Israeli war in Iran is severely disrupting global energy markets, with the International Energy Agency forecasting a significant fall in global oil supply. Iran's tightening control over the Strait of Hormuz, a critical oil transit point, further exacerbates concerns about supply chain stability and energy prices.
The US-Israeli war in Iran, launched in late February, continues to escalate, causing significant geopolitical realignment in the Middle East and impacting global energy markets. US President Donald Trump is visiting China to seek assistance in resolving the conflict, while Iran has tightened its control over the Strait of Hormuz, a vital oil shipping lane. Israel has reportedly strengthened ties with the United Arab Emirates, though the UAE denies a secret visit by Benjamin Netanyahu. Saudi Arabia and Kuwait have launched strikes against Iran-backed militias in Iraq. Despite a US-mediated ceasefire, Israel continues to strike Hezbollah in Lebanon. The conflict has led to a projected 3.9 million barrels per day drop in global oil supply for 2026, with over 1 billion barrels of Middle East supply already lost. Negotiations between the United States and Iran remain far apart, with the US demanding Iran scrap its nuclear program and lift its hold on the Strait of Hormuz, while Iran seeks war compensation and an end to the US blockade.
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