Strait of Hormuz Closure: 100 Days of Blockade Without Oil Price Surge
The Strait of Hormuz, one of the world's most critical oil shipping chokepoints, has remained closed for 100 days. Despite the prolonged blockade—a route through which roughly 20% of the world's oil passes—oil prices have not seen the dramatic spike one might expect.
President Donald Trump has claimed that a secret mission successfully moved 100 million barrels of oil through the blocked strait. However, this figure remains impossible to verify independently. The discrepancy between the blockade's duration and the relatively stable oil market has sparked skepticism among energy analysts.
The strait's strategic importance cannot be overstated. Any significant disruption to shipments through Hormuz typically sends shockwaves through global energy markets. The fact that prices have remained relatively contained despite a 100-day closure suggests either alternative supply routes are compensating, storage reserves are being tapped, or the reported secret oil movements are accurate.
Experts continue to question how such a large volume of oil could be moved without detection or market impact, leaving the true state of global oil supplies in question.