International Monetary Fund

Company

Last mentioned: Mar 11, 2026

Timeline

  1. Rationing Begins

    Thailand, Philippines, and Vietnam announce mandatory energy conservation measures.

  2. Market Peak

    Oil prices hit nearly $120 per barrel as the Strait of Hormuz closure is confirmed.

  3. Missile Strike

    U.S. and Israeli forces launch strikes killing Iranian leader Ayatollah Ali Khamenei.

  4. Pre-Strike Baseline

    Oil prices trade below $70 per barrel; Strait of Hormuz remains open.

Stories mentioning International Monetary Fund 1

geopolitics Very Bearish

Global Economy Reels as Strait of Hormuz Closure Triggers Energy Shock

The joint U.S.-Israeli missile strike on February 28 that killed Ayatollah Ali Khamenei has triggered the 'nightmare scenario' of a closed Strait of Hormuz. With 20 million barrels of oil per day removed from the market, global energy prices have surged, forcing drastic rationing measures across Asia and complicating inflation-fighting efforts for central banks.

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