Iran’s Revolutionary Guard blocks the Strait of Hormuz… oil prices 3% surge, what investors need to watch now
As the United States and Iran exchanged strikes in the Middle East in the first half of the month, Iran on the 7th announced the “temporary closure” of the Strait of Hormuz. International oil prices rose 7 in the 11th of the month, while Gulf stock markets were quiet. The United States is calling for free passage through Hormuz and a pledge to halt attacks.7th of the month.12%3.
Iran announced that it would close the Strait of Hormuz. 2026It was on 7th of 11th of the month. International oil prices rose for a second straight day by 3%, but the real issue is not oil prices.
It is, in effect, the choke point of maritime transport through which about 5one quarter of the world’s crude oil passes. If this area is blocked, tankers carrying crude will have to wait or divert.1.
The Revolutionary Guard said it had expanded attacks on Gulf countries in response to U.S. airstrikes. The closure period for the strait is stated only as “until further notice.” The key point is that there is no deadline.
- Oil price reaction: 2026year 7month 12day, international oil prices as of 3rose by percent
- Gulf stock markets: Quiet moves, unlike neighboring Iran
- On-site response: Ports and shipping industries in the Gulf region strengthen their alert posture
The U.S. demand is simple: secure freedom of passage. The Strait issue has emerged as a central agenda item at the negotiating table, and U.S. authorities are demanding that Iran promise to stop attacks in the Strait.
Military and diplomatic developments on both sides are coming in in real time. How far this development will push oil prices higher is the next point to watch.
Sources: Reuters,Investing.com News
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