Iran, May 02 : Global energy markets remained tense after Iran warned of possible retaliation against renewed U.S. military action and repeated concerns surrounding the Strait of Hormuz.
Brent crude prices stayed above $110 per barrel as investors worried about disruptions to one of the world’s most important oil shipping routes.
Energy analysts warned that prolonged instability in the region could increase inflation globally and slow economic growth. Several countries have already begun reviewing emergency fuel reserves and supply diversification plans.
The latest developments also pushed governments and industries to accelerate investment in renewable energy and electric mobility solutions.
Market experts said continued geopolitical uncertainty may keep commodity markets highly volatile throughout the second quarter of 2026.