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  "path": "/how-the-iran-conflict-could-disrupt-the-worlds-oil-supply",
  "publishedAt": "2026-03-02T16:45:29.000Z",
  "site": "https://www.gzeromedia.com",
  "tags": [
    "Graphic truth",
    "Israeli strikes",
    "Oil exports",
    "Qatar",
    "Saudi arabia",
    "Shipping",
    "Us strikes",
    "_ground to a halt_",
    "_oil facilities_",
    "_much_",
    "_jumping_",
    "_doubled_"
  ],
  "textContent": "\n\nShipping in the world’s most crucial oil chokepoint has nearly _ground to a halt_ after at least four tankers were targeted in Iran’s retaliation to US and Israeli strikes on Saturday. Tehran also hit _oil facilities_ in Saudi Arabia and Qatar on Monday, raising the prospects that conflict cripples the global flow of oil.\n\n* * *\n\nRoughly 21 million barrels of oil – about 20% of the world’s total supply – pass through the Strait of Hormuz each day, mostly originating from Iran, Iraq, Kuwait, Saudi Arabia, and the United Arab Emirates, and _much_ of it bound for Asia and Southeast Asia.\n\nIran says it doesn’t intend to close the strait, but ships began dodging the waterway almost immediately after strikes began – vessel traffic through it plummeted 70% on Saturday.\n\nAll these strikes have jolted oil markets, with the benchmark Brent crude price _jumping_ 8% on Monday, peaking at nearly $79 per barrel. At the time of publication, it’s hovering around $76 a barrel. In the days before the war, Iran’s oil exports actually _doubled_ their recent average, and they appear to be continuing unabated despite the conflict. Most of it goes to China.",
  "title": "How the Iran conflict could disrupt the world’s oil supply"
}