Oil prices explode: Iran threatens to block the Strait of Hormuz!

Oil prices explode: Iran threatens to block the Strait of Hormuz!

On June 15, 2025, Amy Walker reported that oil prices skyrocketed following an Israeli attack on Iran. In this context, experts warn of the possibility of a blockage of the strategically important Strait of Hormuz, which is central to global oil trade. Iranian General Ismail Kosari threatened to close the road, which could have serious consequences for the oil market and the global economy. In fact, 21 percent of the world's crude oil flows through this strait, which runs between Oman and the Iranian coast.

Against the background of this tense situation, analysts fear a new energy price shock. European warships could also accompany trade routes in the Persian Gulf to ensure shipping safety. Such a blockage would have particularly serious consequences for Asia, which sources 80 percent of its oil from this region. Iran relies heavily on revenue from oil trade and also transports its own oil through the Strait of Hormuz.

Geopolitical tensions and historical contexts

The Strait of Hormuz is not only currently of great geostrategic importance. Historically, it was already marked by British interventions since 1819, when a network of sheikhdoms was created to combat piracy. After the British withdrawal in 1970, a new source of unrest arose with the Islamic Revolution in Iran, which continues to have an impact today. The US intervention in the Iran-Iraq War was particularly striking when the US military sank Iranian warships in 1988.

Iran's threats to close the Strait of Hormuz are not new. As early as 2012, Tehran planned to take this measure in response to international sanctions. At the moment, Iran still relies on partnerships to avoid a blockade. Expert of taz cited that Iran could ruthlessly pressure other countries to reduce oil supplies and increase oil prices. This geopolitical chess game could have serious consequences for the global market.

Regional dynamics and reactions

Another aspect that complicates the issue is the different attitudes of Arab states towards Iran. While Oman, Qatar and Kuwait try to maintain balance, Saudi Arabia and the United Arab Emirates are betting on confrontation. The latter are struggling with the challenge of finding alternatives to the Strait of Hormuz, as 90 percent of their oil exports currently pass through this route. Although there are pipelines, such as the Habshan-Fujairah pipeline, they do not have sufficient capacity.

The Houthi rebels, who support Iran, have carried out multiple attacks on Saudi infrastructure, including the East-West pipeline. This escalation could impact not only the security of the Strait of Hormuz, but also that of the adjacent Bab al-Mandab, which in turn would have far-reaching implications for international trade.

Finally, it should be noted that the Iranian government and President Hassan Rouhani are open to improving relations with the US, but at the same time call for the immediate lifting of all US sanctions. The situation remains tense as geopolitical tensions continue to harbor the risk of escalation and pressure on the oil market is growing.