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Iran blocked Pakistani ships and attacked vessels in the Strait of Hormuz, spiking oil prices on March 1, 2026.
Oil prices rose sharply on March 1, 2026, after Iran blocked three Pakistani cargo ships from passing through the Strait of Hormuz and attacked vessels in the region, disrupting critical global shipping routes.
The incidents heightened concerns over potential supply chain disruptions and a broader economic impact, particularly in energy markets.
Iran says will attack any ship trying to pass through Strait of Hormuz.
The Strait of Hormuz remains a key chokepoint for global oil trade, and the escalation has triggered increased market volatility.
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Irán bloqueó barcos paquistaníes y atacó embarcaciones en el Estrecho de Ormuz, aumentando los precios del petróleo el 1 de marzo de 2026.