Part 5/10:
The message was clear: any attempt to threaten the Strait would be met with swift and overwhelming retaliation. This relentless pressure has now effectively eroded Iran's ability to project power, rendering their previous deterrents—mines, missile batteries, and missile-equipped vessels—obsolete.
The Market Response: Oil Prices Fall as Tensions Ease
The impact of these military actions is vividly reflected in the global energy markets. During the height of Iran’s blockade threat, Brent crude soared to approximately $115 per barrel, driven by fears of a supply crunch. Yet, as the U.S. targeted Iran’s key assets, oil prices gradually declined. By late May, Brent had dropped below $95, with West Texas Intermediate (WTI) falling to around $89—a five-week low.