Oil markets' bet on a brief Iran shock is about to be tested

2026-03-04 - 05:23

Tankers are seen at the Khor Fakkan Container Terminal in the United Araba Emirates, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes, on June 23, 2025.