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Global Markets and the Strait of Hormuz: The Economic Shockwaves of the Iran War

March 3, 2026 ARTICLES, Energy Market, Featured, important 0

A soft closure of the Strait of Hormuz can inflict much of the same damage as a declared blockade The February 28 US-Israeli strikes on Iran have turned a regional military confrontation into a global market shock. The conflict has begun to reprice energy, shipping, insurance, aviation, and financial risk. For global …

Umud is a Washington-based Energy Strategist and Senior Foreign Policy advisor and author of US Energy Diplomacy in the Caspian Sea Basin: Changing Trends Since 2001. He is serving as Faculty Associate – at George Mason University. Umud holds a Ph.D. in International Relations. He comes with extensive expertise and professional experience in global energy market studies, energy security, the geopolitics of climate change, industrial policy for clean energy, as well as foreign policy in the context of climate change and energy transition.

His primary research interests lie in energy diplomacy and energy transition, U.S. energy policy, the geopolitics of energy, Iran-Turkey relations, as well as Iran-Russia relations, the Caspian Sea region, Central Asia and the GCC. He has written about the geopolitics of energy and natural gas, political economy of hydrocarbon states, sustainable cities and mobility, the pace and trajectory of energy transition, the geopolitics of US sanctions against Iran oil exports, and the geopolitics of energy in Europe, the Eastern Mediterranean, Middle East, Central Asia, and Caspian Sea Region.