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Iran
closes
Hormuz,
20%
of
global
oil
immediately
threatened
21h35
▪4min
read
▪
byFenelon
L.
Getting
informed▪TradingSummarize
this
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This
Saturday,
February
28,
2026
marks
a
major
turning
point
in
the
escalation
in
the
Middle
East.
After
US-Israeli
airstrikes
against
the
Iranian
regime
and
its
military
capabilities,
Tehran
retaliated
by
effectively
blocking
the
Strait
of
Hormuz.
On
VHF
maritime
waves,
the
Guardians
of
the
Revolution
broadcast
a
clear
message:
“No
ship
is
allowed
to
pass.”
The
major
oil
companies
are
already
suspending
their
shipments.
Will
the
Brent
barrel
cross
the
symbolic
threshold
of
100
dollars?
Read
us
on
Google
News
In
brief
Iran
warns
by
radio
that
passage
through
the
Strait
of
Hormuz
is
prohibited.
20
to
21
million
barrels
of
oil
transit
every
day
through
this
bottleneck,
or
20%
of
global
consumption.
Oil
companies
suspend
their
shipments
as
a
safety
measure.
Markets
anticipate
a
surge
in
Brent
prices
as
soon
as
Monday’s
opening.
Iran
closes
the
Strait
of
Hormuz
Saturday
morning,
the
United
States
and
Israel
launch
the
“Epic
Fury”
operation.
Strikes
target
Tehran,
Isfahan,
and
several
strategic
facilities.
From
Florida,Donald
Trumpcalls
on
the
Iranian
people
to
“take
back
power”.
Your
1st
cryptos
with
BitpandaThis
link
uses
an
affiliate
program.
The
timing
choice
was
no
accident:
by
striking
on
a
Saturday,
Washington
avoids
an
immediate
reaction
from
Wall
Street.
Markets
are
closed.
The
shock
is
contained,
at
least
temporarily.
The
Iranian
response
was
swift.
Missiles
target
Israel
and
American
bases
in
Bahrain,
Qatar,
and
the
United
Arab
Emirates.
However,
the
strongest
signal
comes
from
the
sea.
On
VHF
channel
16,the
Iranian
authorities
announce
the
prohibition
of
passage
through
the
Strait
of
Hormuz.
The
British
maritime
agency
UKMTO
and
the
European
naval
mission
confirm
the
alerts.
No
official
decree
has
yet
been
published.
Yet,
the
effect
is
immediate.
Tankers
slow
down,
some
remain
at
the
dock.
Several
trading
houses
and
oil
companies
halt
their
operations
as
a
safety
measure.
This
maritime
corridor
only
33
kilometers
at
its
narrowest
point
becomes
an
area
of
extreme
tension.
Iran
has
already
threatened
to
close
Hormuz
in
the
past.
During
the
Iran-Iraq
war
in
the
1980s,
attacks
on
tankers
had
driven
crude
prices
up
by
more
than
50%.
In
2019,
sabotage
already
strained
the
markets.
But
never
had
the
threat
been
so
direct
in
a
context
of
direct
confrontation
with
Washington.
Oil
at
the
center
of
the
economic
storm
Why
does
this
strait
matter
so
much?
It
concentrates
exports
from
Saudi
Arabia,
Iraq,
the
Emirates,
and
Kuwait.
Without
it,
more
than
20%
of
the
world’s
oil
remains
stuck.
The
only
available
bypass
pipelines,
Saudi
and
Emirati,
cap
at
2.6
million
barrels
per
day.
A
ridiculously
insufficient
capacity
compared
to
the
20
million
that
normally
flow
through
the
strait.
Friday
evening,
Brent
had
already
closed
at
72.87
dollars,
up
nearly
3%
for
the
day
and
8%
for
the
month,
driven
by
initial
fears
of
attack.
On
Monday,
traders
expect
an
upward
gap
of
5
to
10
dollars
at
minimum.
The
darkest
scenarios,
mentioned
by
Barclays
and
Rystad
Energy,
talk
about
100
dollars
if
the
chaos
lasts
several
days,
some
experts
even
mentioning
150
dollars
in
case
of
prolonged
escalation.
For
the
United
States,
the
impact
will
be
direct
and
painful.
Gas
pump
prices
could
rise
20
to
30
cents
per
gallon
within
weeks.
Inflation,
already
noticeable,
would
rise
again,
placing
the
Fed
in
an
impossible
position:
fight
price
increases
or
support
an
economy
weakened
by
the
shock.
Conversely,
energy
giants
like
Exxon
or
Chevron
could
record
record
profits…
but
at
what
cost?
In
sum,
this
Saturday,
February
28,
2026
will
remain
a
pivotal
date.Trump
triggered
a
warby
carefully
choosing
his
weekend,
but
on
Monday
morning,
markets
will
open
and
present
the
bill.
The
real
test
will
not
be
played
in
the
Gulf
sky,
but
on
Wall
Street
screens
and
at
the
pump
of
millions
of
Americans.
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A
A
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copié
Fenelon
L.
Passionné
par
le
Bitcoin,
j'aime
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et
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cryptos
et
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partage
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communauté.
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rêve
est
de
vivre
dans
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monde
où
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privée
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views,
thoughts,
and
opinions
expressed
in
this
article
belong
solely
to
the
author,
and
should
not
be
taken
as
investment
advice.
Do
your
own
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before
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investment
decisions.