As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’
Key takeaways
- Apart from oil and gas, several other critical minerals and commodities also pass through the strait and its continued closure is pushing prices up across the world.
- The US and Israel launched their attack on Iran on February 28.
- More recently, the US has put in place its own blockade to cut off any ships carrying Iranian oil and eventually force the country to shut off production once it runs out of storage space and seek a resolution.
Why this matters: an international story with cross-border implications worth tracking.
Apart from oil and gas, several other critical minerals and commodities also pass through the strait and its continued closure is pushing prices up across the world.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo The Epaminondas ship is seen during seizure by the IRGC in the Strait of Hormuz in this image obtained by Reuters on Friday [West Asia News Agency via Reuters]Published On 28 Apr 202628 Apr 2026With the United States-Israeli war on Iran entering its 60th day, experts warn that there is no end in sight, as negotiations continue to be “stalled” amid soaring oil prices and inflation.
The US and Israel launched their attack on Iran on February 28. Tehran retaliated by closing off the Strait of Hormuz, the narrow channel linking the Gulf to the Gulf of Oman, through which approximately 20 percent of the world’s oil and gas exports pass from the Middle East, mainly to Asia and also to Europe.