$100+ oil back in play if Hormuz disruption worsens: analysts in Oil & Companies News 02/03/2026 Fresh U.S. and Israeli strikes on Iran have intensified tensions across the Middle East, raising the stakes for global energy markets as tanker flows through the critical Strait of Hormuz show signs of disruption. “[Oil] prices will likely move materially higher if this conflict extends beyond a few days and if the IRGC pursues a survival strategy predicated on exploiting President Trump’s economic pain points,” RBC strategist Helima Croft said. The latest round of attacks appeared to have a broader regional impact than June’s operations and reportedly inflicted heavier losses on Iran’s leadership, including Supreme Leader Ali Khamenei. The ultimate oil price fallout now hinges on Tehran’s next move, with uncertainty mounting over whether the Islamic Revolutionary Guard Corps (IRGC) will scale back or escalate. Iran has already targeted U.S. bases across the region and struck high-profile airports, ports and landmark buildings throughout the Gulf, underscoring the risk of further retaliation. Oil markets are particularly focused on the Strait of Hormuz, a chokepoint that carries roughly 20% of global oil supply. Tanker traffic through the waterway has already been significantly curtailed, heightening concerns about supply disruptions. According to Naveen Das, Senior Crude Oil Analyst at Kpler, the Strait of Hormuz handles about 16 million barrels per day of oil—roughly 15% of global supply and about one-third of seaborne crude trade. Source: Investing.com 2026-03-02 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share