Global energy markets face mounting pressure as Iran restricts Strait of Hormuz passage to non-hostile vessels, disrupting roughly twenty percent of world oil shipments.

Global energy markets face mounting pressure as Iran restricts Strait of Hormuz passage to non-hostile vessels, disrupting roughly twenty percent of world oil shipments. Over three thousand ships await clearance while operators pay millions for safe transit. Simultaneously, drone strikes on Russian Baltic ports Ust-Luga and Primorsk have ignited fuel storage facilities and halted crude exports exceeding one point seven million barrels daily. The compounding supply disruptions are tightening global oil markets already strained by Middle Eastern volatility. Australia confronts a deepening diesel crisis with stockpiles falling to thirty days due to regional instability. On corporate fronts, JPMorgan elevated Amazon's price target to two hundred eighty dollars, citing profitability gains from its AWS division and artificial intelligence infrastructure investments.