The military operation "Epic Fury" launched by the US and Israel against Iran has started to disrupt oil flows in the Persian Gulf. Reports indicate that several major oil companies have suspended shipments of oil and fuel through the Strait of Hormuz amidst the ongoing conflict. This vital oil artery has faced immediate cessation of operations, hinting at the potential for significant economic consequences in the region, as prior threats from the Iranian Revolutionary Guards to block the strait now seem to be actualized by external military intervention.

The Strait of Hormuz is crucial for the Asian hydrocarbon market, facilitating a substantial percetage of the global oil supply. On February 17, Iran partially closed this strategic maritime choke point citing "security precautions," following previous threats by the Guard. The recent military action has escalated tensions considerably, prompting concerns that existing disruptions could evolve into a larger crisis, impacting not only oil prices but also geopolitical stability in the region.

Given the ongoing military actions and the subsequent disruption of oil trade, the implications for the global market could be profound. Experts warn that sustained interruption in oil shipments through Hormuz could lead to price shocks, inflation, and heightened geopolitical tensions that could affect not only the involved nations but also global economies reliant on stable oil supplies. The situation remains fluid, and the international community is monitoring developments closely for any escalation in hostilities that could further impact the already fragile balance of power in the Middle East.