FacebookTwitterEmailLinkedin According to GMS’ latest report, escalating tensions in the Middle East ran through global markets again this week, causing them to remain unsettled. Military activity near Iran’s Kharg Island, the country’s primary oil export terminal that can host up to 10 supertankers at a time, unsettled already fragile energy markets and pushed oil prices, which currently linger around USD 100/ton, even higher. Developments around the terminal quickly drew market attention as traders reacted to potential disruptions in regional supply flows, while movements in oil prices began to ripple across shipping markets and broader economic indicators. RelatedNews Iraq and Pakistan strike deal with Iran to move oil and gas through Hormuz Iran expands its operational area in Hormuz var jnews_module_21368039_0_6a04e43c66af2 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21368039","include_category":"","exclude_category":"","include_author":"","include_tag":"1974,4346,568,3317,2647","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type