Oil on the Edge: Iran’s Straits Move Could Redraw the Global Energy Map

The Iran conflict could transform the global oil system from relatively open to fragmented and weaponized, pushing prices higher and fueling inflation while challenging the dollar-led economy. Iran’s control of the Strait of Hormuz has helped lift crude prices by roughly 50% since the war began and left physical oil markets at record highs, signaling a major supply disruption. History suggests such shocks can reshape global power and policy, but whether the world moves toward renewed cooperation or sustained fragmentation remains debated, with some experts warning the disruption could redefine the oil market for years to come.