Iran's efforts to control the Strait of Hormuz are sustaining an oil price risk premium, but it is far less than it might be, reflecting a less sensitive market.
The Mideast conflict created the biggest supply shock in history and a full-blown oil crisis — but not a meltdown. The world mobilized enough oil to fill the gaps.
Iran claiming control of the Strait of Hormuz fuels an oil price risk premium — currently around 30%, which signals that traders are confident they can work around the barrier.
The Issue
Oil Market Swings From Glut Fears to Hormuz Toll Concerns | OilPrice.com
Iran war disrupts oil supply, future price spikes loom
Oil traders call Trump's Hormuz bluff at their peril
Iran asserts control over Strait of Hormuz, oil prices rise amid disruptions
Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal | OilPrice.com
Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz
Oil Prices Surge 6% Even as Tankers Push Through Hormuz | OilPrice.com
Oil prices surge nearly 10% amid US-Iran tensions, biggest rise since 2020
Global oil market weathers Iran war shock, but reserve depletion raises future price risks
Global oil prices spike following renewed tension in Strait of Hormuz
