Skip to content
Back to Guavy Wire
Commodities

Middle East Crisis Deepens as US-Iran Conflict Escalates

Instruments
Oil
Share

The ongoing conflict between the US and Iran has escalated into a wider crisis in the Middle East, with new attacks reported across shipping lanes, oil sites, and allied states.

The latest fighting centers around the Strait of Hormuz, a critical waterway that carries a fifth of the world's traded oil and gas. Iran says it controls the strait and has attacked ships using an alternative route overseen by the US military along the coast of Oman.

The US has struck back at Iran, saying the strait should be open to international traffic as it was before the US and Israel attacked Iran on February 28. When the US strikes Iran, Tehran responds with missiles and drones targeting Arab countries hosting US forces, including Jordan and Kuwait.

In Yemen, Iran-backed Houthis have declared a blockade on Saudi Arabia and threatened shipping through the Bab el-Mandeb strait and the Red Sea route leading to Egypt's Suez Canal. The Houthi-Saudi tensions stem from a separate but related conflict that has been ongoing for over a decade.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc