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The War on Oil: Iran Conflict and the Global Energy Crisis

Brent crude rose nearly 1% amid US-Iran threats over Strait of Hormuz control, while global markets including London and Asia saw sharp declines.

Summary by The Diplomat
Adi Imsirovic has 35 years of experience in global energy markets. He says the current disruption to the Strait of Hormuz represents the gravest energy shock of his career.

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Evening StandardEvening Standard
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Markets tumble and oil prices rise as global focus remains on Strait of Hormuz

The FTSE 100 Index fell back further from the 10,000 market, dropping 1.6% soon after opening on Monday.

·London, United Kingdom
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The Independent broke the news in London, United Kingdom on Monday, March 23, 2026.
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