The Strait of Hormuz continues to pose a severe disruption risk to global energy trade following the collapse of a US-Iran ceasefire agreement.
Strikes near the critical chokepoint have intensified, undermining hopes for a swift de-escalation and keeping tanker routes exposed to renewed conflict.
Brent crude prices spiked in response to the escalating tensions, reflecting market anxiety over potential supply interruptions.
The volatility underscores the fragility of the current geopolitical setup, with traders pricing in a premium for route security as naval activity increases in the region.
The deterioration in security conditions has already begun to impact corporate outlooks.
Baker Hughes recently lowered its full-year guidance, citing the prolonged disruption in the Hormuz corridor as a key headwind.