Energy · Persian Gulf · October 18, 2026

Hormuz crisis keeps oil high and squeezes shipping fuel

Reported by 2 outlets · first reported Oct 17, 7:00 PM ET

Analysis suggests the Iran war may keep oil supply tight into 2027, while disrupted exports and refinery constraints push the marine bunker fuel market toward a supply crisis. Pakistan's finance minister said continued attacks on Gulf energy infrastructure would delay a return to economic normality.

Why it matters

High fuel and shipping costs feed inflation that is fuelling protests from France to South America.

Background

Since the US-Israeli war with Iran began in February, traffic through Hormuz has been choked. Oil markets initially expected a short conflict.

The story so far

1. Oct 18Hormuz crisis keeps oil high and squeezes shipping fuel
2. Oct 25Record tanker rates choke US crude flows to Asia

Follow the whole story →

Sources

• OilPrice ↗Oct 17, 7:00 PM ET
• OilPrice ↗Oct 18, 5:00 PM ET
• The Hindu ↗Oct 18, 8:14 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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