Will The Blockade Of The Hormuz Strait Become A Reality… Oil Prices And The World Economy At A 'Critical Juncture'

The United States Warning Of Iran's Retaliation (Source: Euronews)

After The United States' Air Strike On Iran's Nuclear Facilities, The Situation In The Middle East Is Engulfed In Turmoil. Iran Is Actively Considering Blocking The Strait Of Hormuz, A Key Route For Global Oil Transportation. On The 23rd (Local Time), The Iranian Parliament Officially Urged The Blockade, And The Decision-making Power Has Now Moved To The Supreme National Security Council.

On The Same Day, The Iranian Foreign Minister Announced That The Diplomatic Channel With The United States Had Been Severed, But Did Not Clarify Their Position On The Strait Blockade. The United States Is Strongly Opposing This, Raising The Warning Level By Using The Term "Act Of Suicide."

The Strait Of Hormuz Is A Strategic Point Through Which About 20% Of The World's Maritime Oil And Gas Cargo Passes. If Iran Proceeds With An Actual Blockade, The Global Supply Chain Will Inevitably Suffer A Huge Impact. Jp Morgan Warned That "In The Worst Case, Oil Prices Could Rise To $120 Per Barrel, And United States Inflation Could Exceed 5%."

Bloomberg Energy Columnist Javier Blas Analyzed That "Iran Is Deliberately Increasing Tensions But Cannot Ignore The Impact Of The Blockade On Its Own Economy."

President Donald Trump Described The Air Strikes On Iran's Nuclear Facilities As "Measures To Pressure Negotiations," But Also Mentioned The Possibility Of Regime Change, Maintaining A Hardline Stance. In Response, Iran's Deputy Foreign Minister Abbas Araghchi Directly Countered, Saying "The United States Only Understands The Language Of Force And Threat." However, He Was Reserved About The Strait Blockade, Saying "There Are Several Options."

Currently, The Global Energy Market Is Closely Watching The Decision Of Iran's Supreme National Security Council. If An Actual Blockade Occurs, A Huge Wave Of Oil Price Surges And The Resurgence Of Global Inflation Seems Inevitable.