Anonymous2 days ago
Oil prices are swinging around $100 per barrel as the 2026 Strait of Hormuz crisis enters its most volatile phase, with Trump signaling a potential military exit from Iran within weeks while the UAE pushes to assemble an international coalition to forcibly reopen the strait. The closure of the world's most critical oil chokepoint — which carried 20 million barrels per day before the conflict — has exposed deep vulnerabilities across Asian economies, compressed margins for U.S. trucking and airlines, and created a paradox in which elevated prices may be financing the very Iranian military apparatus the conflict was meant to dismantle.