{
    "success": true,
    "data": {
        "id": 1590063,
        "msgid": "energy-markets-watch-iran-israel-us-tensions-oil-and-gas-prices-expected-to-rise-in-the-near-term-1772705606",
        "date": "2026-03-05 15:30:00",
        "title": "Energy Markets Watch Iran\u2013Israel\u2013US Tensions, Oil and Gas Prices Expected to Rise in the Near Term",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Energy",
        "summary": "Global energy markets are wary of a widening conflict among Iran, Israel and the United States, with the Strait of Hormuz at the centre of the concern. Analysts warn that prolonged disruption could severely affect global energy supplies and push oil and fuel prices higher. Oil has already begun to rise, trading around US$76 per barrel, and could climb further if supply routes remain threatened.",
        "content": "<p>Jakarta \u2014 The conflict involving Iran with Israel and the United\nStates is beginning to spark fresh fears in global energy markets. One\nof the most highlighted points is the Strait of Hormuz, a crucial\nshipping route for world oil shipments, which has been closed by\nIran.<\/p>\n<p>Since air strikes by the United States and Israel on Iran began,\ntanker traffic through the strait has slowed drastically. If this route\nremains closed for longer, analysts warn its impact could be very large\non the global economy, including a surge in oil and fuel prices.<\/p>\n<p>The Strait of Hormuz itself is a giant oil shipping route about 100\nmiles long and only about 21 miles wide. This narrow passage lies\nbetween Iran and the United Arab Emirates and is one of the most vital\npoints in the world\u2019s energy trade.<\/p>\n<p>The Strait of Hormuz is known as the world\u2019s most critical oil\nshipping route. Many tankers carrying oil from the Middle East to\nvarious countries pass through this route every day.<\/p>\n<p>Disruptions in the region could directly affect global energy\nsupplies. If deliveries from the Middle East are disrupted for a long\ntime, world oil prices could surge.<\/p>\n<p>Professor Seth Blumsack from the Penn State Centre for Energy and Law\nsays the situation could trigger an oil price rise in a relatively short\ntime. \u201cIf deliveries from the Middle East are disrupted for a long time,\nwe could see oil at around one hundred dollars, i.e.\u00a0US$100 per barrel,\nin not too long,\u201d he said, as quoted from Fox KTVU, Thursday, 5 March\n2026.<\/p>\n<p>Currently, crude oil prices have begun to rise. On Wednesday, oil\nprices were around US$76 per barrel, equivalent to Rp1,276,800 per\nbarrel, up about US$15 per barrel or Rp252,000 compared with\nmid-February.<\/p>\n<p>Although most of the oil used by the US does not come from ships\npassing through the Strait of Hormuz, the closure of this route could\nstill have wide-ranging effects. This is because around 20 percent of\nglobal oil supply passes through the strait. If the route is closed,\nmany countries would struggle to obtain energy supplies, so global oil\nprices could spike.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/energy-markets-watch-iran-israel-us-tensions-oil-and-gas-prices-expected-to-rise-in-the-near-term-1772705606",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}