World oil prices threaten to explode! Strait of Hormuz crisis could trigger unexpected spike

Jakarta, Pintu News – Tensions between Iran and the United States have entered a new phase that has the potential to trigger a global energy crisis. The escalating conflict has led the US President, Donald Trump, to take a hard line against Iran, even declaring that he is ready to go to war for a long time. In the midst of this turbulent narrative, the world is now faced with the threat of soaring oil and gas prices if the conflict continues. Iran’s closure of the Strait of Hormuz is a tipping point that could significantly destabilize the international energy market.

Oil and Gas Price Spike: Direct Impact of the Strait of Hormuz Closure

Iran’s closure of the Strait of Hormuz has caused great concern among energy market participants. The strait is a vital lifeline for the world’s oil exports, so any disruption in the region has an immediate impact on oil and gas prices. According to analyst Bob McNally, if the closure lasts for just a few days, crude oil prices could jump to $100 per barrel, while gas prices could reach $4 per gallon.

In comparison, the current oil price has risen to $77 since the US and Israeli attacks on Iran intensified. The last time oil prices rose above $100 was when Russia attacked Ukraine in 2022. This situation shows how sensitive the energy market is to geopolitical conflicts in the Middle East region. If the closure of the Strait of Hormuz lasts longer, the price spike could far exceed initial predictions. This will certainly have an impact on the global economy, especially countries that rely heavily on oil imports.

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U.S. Steps: Fleet Escort and Energy Supply Assurance

Amid the threat of the closure of the Strait of Hormuz, President Donald Trump took decisive action by ordering the US Navy to escort oil tankers crossing the region. Trump emphasized that the United States will ensure the smooth flow of world energy, no matter what. This statement emphasizes the economic and military power of the US in maintaining the stability of global energy supplies.

This move is expected to reduce market panic and provide a sense of security for oil importing countries. However, this action also has the potential to prolong the conflict and increase the risk of military clashes in the region. Tensions between Iran and the US could escalate further if both sides continue to maintain a tough stance. On the other hand, oil-consuming countries must prepare for the worst if key energy distribution channels remain disrupted. Diplomacy and negotiation efforts are crucial to prevent a prolonged crisis.

Energy Supply Crisis: Countries Start Looking for Alternatives

The impact of the closure of the Strait of Hormuz is already being felt in various countries, especially those with limited oil reserves. India, for example, currently only has crude oil supplies for the next 25 days. The Indian government has begun looking for alternative sources to import crude oil, LPG, and LNG to anticipate supply shortages. However, the Indian government emphasized that there are no plans to raise gasoline and diesel prices in the near future.

This situation shows how vulnerable oil-importing countries are to supply disruptions from the Middle East. If the closure of the Strait of Hormuz lasts longer, the supply crisis could worsen and trigger price spikes in the domestic market. Other countries have begun to strengthen energy reserves and explore cooperation with alternative suppliers. This uncertainty also affects other sectors, including financial markets and cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), which often experience volatility during global crises.

World on the brink of energy crisis, diplomatic solutions urgently needed

The crisis in the Strait of Hormuz has put the world in a position of extreme vulnerability to oil and gas price volatility. Military measures and harsh policies will only prolong uncertainty and worsen the situation. Oil-importing countries must urgently seek long-term solutions to secure energy supplies. Diplomacy and international cooperation are key to preventing a larger global energy crisis.

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• Watcher Guru. Oil, Gas Price Forecast if Strait of Hormuz Disruption Continues. Accessed on March 5, 2026