On Saturday, Reuters reported that several major oil and trading companies have halted shipments of crude oil and fuel through the Strait of Hormuz due to the escalating conflict involving US and Israeli military actions against Iran. A senior trading executive mentioned that their vessels would remain in place for several days, indicating the seriousness of the situation. The Strait of Hormuz is a critical passage, with approximately 20% of the world's oil consumption passing through it, highlighting the global economic implications of any disruptions.

Statistical data from Vortexa indicated that more than 20 million barrels of crude oil, condensates, and fuels were traversing the strait daily on average last year. The potential for danger to shipping may prompt transport companies to seek protection from Western warships, particularly American ones, to ensure safe passage. While the current shipping slowdown is expected to have a minimal impact on global energy supplies, a complete closure of the strait for even a few days could lead to severe consequences for the energy markets, representing one of the worst-case scenarios for global oil supply and prices.

Analysts are closely monitoring the situation as it develops, weighing the impacts of military escalation and the possible long-term interruptions it could cause to oil supply chains. A full shutdown of the strait could threaten not just local economies, but also broader global markets that are heavily reliant on the region's oil supply, thereby increasing geopolitical tensions and economic uncertainty.