{"id":106422,"date":"2026-02-28T21:51:46","date_gmt":"2026-03-01T00:51:46","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/896539921"},"modified":"2026-02-28T21:51:46","modified_gmt":"2026-03-01T00:51:46","slug":"oil-markets-on-edge-as-iran-moves-to-restrict-vital-strait-of-hormuz-shipping-lane-report-says","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/28\/oil-markets-on-edge-as-iran-moves-to-restrict-vital-strait-of-hormuz-shipping-lane-report-says\/","title":{"rendered":"Oil markets on edge as Iran moves to restrict vital Strait of Hormuz shipping lane, report says"},"content":{"rendered":"<p><!--&gt; \n\n<div class=\"featured featured-video video-ct\">\n\n<div class=\"contain\"> \n\n<div class=\"info\">\n\n<div class=\"caption\"> \n\n<p>President Donald Trump addresses the American people after strikes by the U.S. and Israel on Iran.<\/p>\n\n<\/div>\n\n<\/div>\n\n<\/div>\n\n<\/div>\n\n \n\n<p>Iran has reportedly moved to restrict navigation along the world's most critical oil export route after major U.S. and <a href=\"https:\/\/www.foxbusiness.com\/category\/middle-east\" target=\"_blank\" rel=\"noopener\">Israeli strikes<\/a>, stoking fears of a significant disruption to global energy markets.<\/p>\n\n \n\n<p>A European Union naval mission official <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/irans-revolutionary-guards-tell-ships-passage-through-strait-hormuz-not-allowed-2026-02-28\/\" target=\"_blank\" rel=\"nofollow noopener\">told Reuters<\/a> that vessels in the region are receiving marine radio warnings from Iran\u2019s Revolutionary Guard instructing ships not to pass through the Strait of Hormuz.&nbsp;<\/p>\n\n\n\n<p>Iran has not formally confirmed the order.<\/p>\n\n \n\n<p><a href=\"https:\/\/www.foxnews.com\/live-news\/israel-us-launch-attack-on-iran-amid-escalating-protests\" target=\"_blank\" rel=\"noopener\"><strong>SUPREME LEADER OF IRAN KHAMENEI DEAD FOLLOWING ISRAEL'S STRIKE ON IRAN<\/strong><\/a>&nbsp;<\/p>\n\n \n\n<p>In response to the escalating tensions, several oil companies and trading firms have paused shipments of crude oil and fuel through the waterway, Reuters reported, citing trading sources.<\/p>\n\n\n\n<p>The development follows large-scale strikes launched Saturday by <a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-us\" target=\"_blank\" rel=\"noopener\">the U.S.<\/a> and Israel on Iran.<\/p>\n\n\n\n<div class=\"inline image-ct\">\n\n<div class=\"m\">    <img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-3.jpg?ve=1&tl=1&ssl=1\" alt=\"An aerial view Port of Fujairah, United Arab Emirates in the strait of Hormuz\"><\/div>\n\n \n\n<div class=\"caption\">\n\n<p><span>An aerial view of the Port of Fujairah, United Arab Emirates, in the Strait of Hormuz, on Dec. 10, 2023.&nbsp;<\/span><span> (Reuters\/Stringer \/ Reuters)<\/span><\/p>\n\n<\/div>\n\n<\/div>\n\n\n\n<p>Roughly 20% of the <a href=\"https:\/\/www.foxbusiness.com\/category\/oil\" target=\"_blank\" rel=\"noopener\">global oil supply<\/a> passes through the Strait of Hormuz, a narrow but strategically vital channel linking Gulf producers to global markets.<\/p>\n\n\n\n<p>Major exporters, including <a href=\"https:\/\/www.foxbusiness.com\/fox-news-world\/trump-signs-strategic-economic-partnership-saudi-arabia\" target=\"_blank\" rel=\"noopener\">Saudi Arabia<\/a>, Iraq, the United Arab Emirates, Kuwait and Iran, rely heavily on the route.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxbusiness.com\/media\/oil-rises-iran-fears-expert-says-supply-strong-what-means-prices\" target=\"_blank\" rel=\"noopener\"><strong>OIL RISES ON IRAN FEARS, BUT EXPERT SAYS SUPPLY IS STRONG \u2014 WHAT IT MEANS FOR PRICES<\/strong><\/a><\/p>\n\n\n\n<p>Any sustained disruption could send energy prices sharply higher.<\/p>\n\n\n\n<p>Brent crude, one of the main global oil price benchmarks, settled near $73 per barrel on Friday, but analysts warn prices could surge when markets reopen.<\/p>\n\n\n\n<div class=\"inline image-ct\">\n\n<div class=\"m\">    <img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/us-iran-middle-east-conflict-2.jpg?ve=1&tl=1&ssl=1\" alt=\"Smoke rises from a burning building hit by an Iranian drone strike in Manama\"><\/div>\n\n \n\n<div class=\"caption\">\n\n<p><span>Smoke rises from a burning building hit by an Iranian drone strike after Israel and the U.S. launched strikes on Iran in Seef district, Manama, Bahrain, Feb. 28, 2026.&nbsp;<\/span><span> (Reuters\/Stringer \/ Reuters)<\/span><\/p>\n\n<\/div>\n\n<\/div>\n\n\n\n<p>\"Should the conflict continue into Sunday, oil prices are likely to respond by increasing by $5-10 above the current $73 baseline, based on Iran's claim to have closed the Strait of Hormuz and the disruption in tanker traffic,\" energy analysts at Eurasia Group told Reuters.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxbusiness.com\/media\/iran-regime-about-to-collapse-prince-reza-pahlavi-says-economic-crisis-deepens\" target=\"_blank\" rel=\"noopener\"><strong>IRAN REGIME 'ABOUT TO COLLAPSE,' PRINCE REZA PAHLAVI SAYS AS ECONOMIC CRISIS DEEPENS<\/strong><\/a><\/p>\n\n\n\n<p>Barclays analysts issued an even starker warning.<\/p>\n\n\n\n<p>\"Oil markets might have to face their worst fears on Monday,\" Barclays analysts told Reuters. \"As things stand right now, we think Brent could hit $100 [per barrel], as the market grapples with the threat of a potential supply disruption amid a spiraling&nbsp;security situation in <a href=\"https:\/\/www.foxnews.com\/category\/world\/world-regions\/middle-east\" target=\"_blank\" rel=\"noopener\">the Middle East<\/a>.\"<\/p>\n\n\n\n<div class=\"inline image-ct\">\n\n<div class=\"m\">    <img data-opt-id=758893364  decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/931\/523\/iran-middle-east-conflict.jpg?ve=1&tl=1&ssl=1\" alt=\"Smoke rises after reported Iranian missile attacks, following strikes by the United States and Israel against Iran, in Manama\"><\/div>\n\n \n\n<div class=\"caption\">\n\n<p><span>Smoke rises in Manama, Bahrain, Feb. 28, 2026, from reported Iranian missile attacks after strikes by the United States and Israel against Iran.<\/span><span> (Reuters\/Stringer \/ Reuters)<\/span><\/p>\n\n<\/div>\n\n<\/div>\n\n\n\n<p>Currency markets may also experience volatility.&nbsp;<\/p>\n\n\n\n<p>During June\u2019s brief Iran conflict, the <a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-us-dollar\" target=\"_blank\" rel=\"noopener\">U.S. dollar<\/a> initially fell about 1% before rebounding.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxnews.com\/category\/travel\/general\/airlines\" target=\"_blank\" rel=\"noopener\">Airlines have already<\/a> canceled flights across parts of the Middle East, and aviation stocks may come under further strain if airspace closures expand, according to Reuters.<\/p>\n\n\n\n<p><i>Reuters contributed reporting.&nbsp;<\/i><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n\n--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump addresses the American people after strikes by the U.S. and Israel on Iran. Iran has reportedly moved to restrict navigation along the world&#039;s most critical oil export route after major U.S. and Israeli strikes, stoking fears of &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-106422","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/106422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=106422"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/106422\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=106422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=106422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=106422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}