Oil posted a sharp surge in international markets, with Brent approaching $119 per barrel, in a move driven by escalating war in the Middle East, attacks on energy infrastructure in the Gulf, and growing risk of a blockade in the Strait of Hormuz.
At the center of the tension is precisely Hormuz, a critical passage for global energy trade, through which millions of barrels of crude oil and refined products circulate daily. Fear of a prolonged interruption in maritime traffic is fueling market volatility and increasing pressure on global supply. Despite the possibility of strategic reserves being released by major economies, the market continues to view the situation with great caution, as such measures would have only temporary effect.
At the same time, reports of attacks on production and refining facilities in several Gulf countries reinforce the sense of insecurity. With insufficient logistical alternatives to bypass Hormuz, operators fear the crisis will quickly shift from a shock in prices to an actual disruption in global energy supply. That risk helps explain the sharp rise in crude in recent days.
This publication was generated from information from the original feed. Credits and reference to the source were included at the end of the text.
Source: https://portaldomar.org/2026/03/09/petroleo-dispara-com-escalada-no-golfo-e-tensao-em-ormuz/
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