US Hormuz Blockade Pushes Brent Over $100 as 40 Allies Plan B for 20M Barrels/Day Channel

The Trump administration imposed a military blockade on Iranian ports, restricting traffic through the Strait of Hormuz, which carries 20 million barrels of oil daily or 27% of global maritime petroleum trade. Brent crude surged past $100 per barrel, deemed the largest disruption in global oil market history by the IEA. Over 40 U.S. allies, convened by the UK, are developing a Plan B blending diplomacy, sanctions, and military operations to secure the channel.