The global energy sector faced major disruptions after the Strait of Hormuz closed on February 28, 2026. However, the market began to stabilize slowly following a formal agreement between the US and Iran.

在2026年2月28日霍爾木茲海峽關閉後，全球能源部門面臨重大中斷。然而，在美國與伊朗達成正式協議後，市場開始緩慢穩定。

The stop of commercial shipping through the Strait of Hormuz was caused by US-Israeli military actions, which led to a sudden supply shortage. As a result, Brent crude prices rose to over $126 per barrel. This instability forced countries to change how they bought energy. India, which previously relied on the strait for 46% of its crude oil and 93% of its LPG imports, reduced this risk by using long-term diversification plans. The Indian government increased its number of suppliers to 41 countries and used flexible refineries to process different types of oil. Furthermore, to keep domestic prices stable, the government lowered taxes and increased local LPG production from 35 to 54 TMT per day, while state-run oil companies absorbed losses between ₹74,781 crore and ₹1 lakh crore.

霍爾木茲海峽的商業航運停止是由於美以軍事行動所引起，導致突然的供應短缺。結果，布蘭特原油價格上升至每桶超過126美元。這種不穩定迫使各國改變購買能源的方式。印度此前依賴該海峽進口46%的原油和93%的液化石油氣（LPG），透過長期多元化計劃降低了此風險。印度政府將供應商增加至41個國家，並利用靈活的煉油廠來處理不同類型的石油。此外，為了維持國內價格穩定，政府降低了稅率，將本地 LPG 產量從每日 35 TMT 增加到 54 TMT，而國營石油公司則吸收了 74,781 億至 1 萬億盧比之間的損失。

At the same time, diplomatic relations improved in June 2026. A memorandum of understanding (MoU) signed on June 17 created a 60-day negotiation period and allowed ships to pass through without paying tolls. This agreement helped maritime traffic return gradually, including the delivery of delayed Saudi Arabian oil. Consequently, Brent crude prices dropped to around $70.80 per barrel by late June. However, this recovery is still uncertain because the US-Iran agreement depends on sanctions expiring on August 21, and some attacks on commercial ships continue. Additionally, analysts from Morgan Stanley suggest there could be a global oil surplus if China continues to import less and production from the Americas increases.

與此同時，外交關係在2026年6月有所改善。6月17日簽署的諒解備忘錄（MoU）建立了一個60天的協商期，並允許船隻在無需支付通行費的情況下通過。這項協議幫助海運交通逐漸恢復，包括延遲交付的沙烏地阿拉伯石油。因此，到6月下旬，布蘭特原油價格下跌至每桶約70.80美元。然而，這次復甦仍不確定，因為美伊協議取決於8月21日到期的制裁，且部分商業船隻仍持續受到攻擊。此外，摩根士丹利的分析師建議，如果中國繼續減少進口且美洲產量增加，全球石油可能會出現過剩。

Although the Strait of Hormuz is slowly reopening and global prices have fallen, the energy market remains sensitive to the US-Iran ceasefire and changing demand in Asia.

雖然霍爾木茲海峽正緩慢重新開放且全球價格已下跌，但能源市場對於美伊停火協議及亞洲需求的變化依然敏感。