The strait is a bottleneck for global energy supplies. Here are the key facts:

Oil transit: Nearly 17 million barrels of oil pass through this corridor daily.
LNG exports: Qatar, the world's largest LNG exporter, depends on the strait.
Alternative routes: There are only a few pipelines, and they have limited capacity.
Insurance costs: Any threat to the strait raises shipping insurance premiums.
Any closure would cause oil prices to rise, potentially leading to a global recession. Therefore, Trump's reassurance is a relief for energy markets.

Impact on oil prices and energy security
Following Trump's statement, oil prices slightly declined, with Brent crude dropping 1.5% at the start of trading. Traders had already factored in a risk premium due to the conflict, but this news reduced that premium. However, experts warn that the situation remains fragile, as the Iranian economy is under intense pressure from sanctions, and internal political pressures could change its stance. The International Energy Agency stated that global oil inventories are at their lowest in five years, making markets vulnerable to any supply disruptions.