In the last month, oil has returned to the center of global political debate. Prices have moved sharply, physical supplies have been disrupted, and the Strait of Hormuz has again been treated not only as a trade corridor but as a geopolitical pressure point. Reuters has reported major supply losses linked to the current Iran war, record price spikes in physical oil, stress in benchmark pricing, and wider concern in Europe and global markets about inflation, transport costs, a
Authors: Huda Najjar¹ (orcid ID:0009-0007-0765-6001) ¹ Swiss International University (SIU) Abstract The sharp rise in oil prices during March and early April 2026 has placed energy back at the center of global economic debate. The immediate trigger has been the escalation of war in the Middle East, especially the disruption of flows through the Strait of Hormuz and the damage to energy infrastructure across the region. Yet the meaning of this shock cannot be understood only
