The article examines Iran's significant role in the global oil market, emphasizing its third-largest oil reserves in the world and the strategic importance of the Strait of Hormuz, through which a substantial portion of the world's oil is transported. It notes that since the beginning of the year, global oil prices have risen nearly 20%, partly due to renewed threats from former U.S. President Donald Trump against the Iranian regime. As of now, the price of Brent crude oil has increased to $75.87, indicating rising costs influenced by geopolitical factors.

The piece further explains that while Iran is producing less oil than its potential capacity, it maintains a critical geographical position that affects the export dynamics of neighboring oil-producing countries. The Strait of Hormuz is significant, as it serves as the passage for 20-25% of the world's oil and natural gas supply. This location grants Iran substantial leverage, as it could potentially block navigation in the strait, thereby drastically reducing fuel availability for the global market.

Finally, an expert, Leonardo Trevisan, highlights the shift in power dynamics, suggesting that it is not the United States that holds the upper hand in the region but Iran, due to its control over this vital maritime corridor. The article concludes by stressing the uncertain future of oil supply and pricing amidst these geopolitical tensions, projecting potential scarcity in global oil resources if conflicts escalate in the Strait of Hormuz.