A Five-Week Gulf War Delivers a $60bn Windfall to the Global Oil Industry
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- Express analysis
- 5 April 2026 20:34
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- Express analysis
- 6 April 2026 13:26
Great East
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When American aircraft carriers begin converging toward the narrow waters of the Strait of Hormuz, it is rarely just a signal. It is a language of power — understood simultaneously by allies, adversaries, and markets. Today, that language is звучит especially loudly.
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Wars often begin with loud promises and end with quiet compromises. The conflict surrounding Iran, which until recently seemed like a prelude to a wider confrontation, increasingly resembles precisely such a war — one whose objectives are limited not by the weakness of the parties, but by their calculations.
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Ukrainian President Volodymyr Zelenskiy’s visit to the Persian Gulf states in late March concluded with the signing of a series of key agreements on cooperation in air defense with Saudi Arabia, the United Arab Emirates, and Qatar, underscoring Kyiv’s growing role as a provider of security solutions.
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The ongoing disruption of traffic through the Strait of Hormuz is accelerating plans to develop new pipeline routes to export oil while bypassing the strategic waterway, the Financial Times reported.
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