Oil soars with escalation in the Gulf and tension in Hormuz.

Oil rose sharply in international markets, with Brent approaching $119 per barrel, in a movement driven by the escalation of the war in the Middle East, attacks on energy infrastructure in the Gulf and the growing risk of blockage in the Strait of Hormuz.

At the center of the tension is precisely Hormuz, a decisive gateway for global energy trade, through which millions of barrels of oil and refined products circulate daily. Fears of a prolonged disruption to maritime traffic are fueling market volatility and increasing pressure on global supply. Despite the possibility of the release of strategic reserves by large economies, the market continues to view the situation with great caution, as these measures would only have a temporary effect.

At the same time, reports of attacks on production and refining facilities in several Gulf countries reinforce the feeling of insecurity. Without sufficient logistical alternatives to bypass Hormuz, operators fear that the crisis will quickly go from a price shock to an effective disruption of global energy supplies. It is this risk that helps explain the sharp rise in crude oil in recent days.

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