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Regional Rationing
India, Thailand, and Vietnam implement emergency energy conservation measures.
Price Peak
Oil hits a peak of $120 per barrel before settling near $90 as markets react to the supply shock.
Hormuz Closure
The Strait of Hormuz is effectively shut down, halting 20% of global oil transit.
Missile Strikes
U.S. and Israeli strikes kill Iranian leader Ayatollah Ali Khamenei.
Market Stability
Global oil prices trade below $70 per barrel prior to the escalation.
The effective closure of the Strait of Hormuz following U.S. and Israeli missile strikes has removed 20 million barrels of oil per day from the global market. This geopolitical shock is destabilizing emerging economies and forcing drastic energy conservation measures across Asia while complicating global efforts to curb inflation.