News•Feb 4, 2026
Hormuz on the Brink?
U.S. forces escalated the standoff with Iran after an F‑35 shot down an Iranian drone that approached a carrier in the Arabian Sea. Both sides have scheduled high‑level talks in Istanbul, raising hopes for a diplomatic de‑escalation. The dispute centers on the strategic Strait of Hormuz, a chokepoint through which Qatar ships over 1.5 million tonnes of LNG daily, representing roughly 20% of global supply. Energy traders are watching whether the geopolitical tension will translate into higher risk premiums for oil and gas markets.
