Gulf Allies Back U.S. Actions as Oil Prices Surge Amid Hormuz Crisis

Global energy markets are facing significant volatility as Brent crude surged 15% to $120 per barrel following the ongoing blockade in the Strait of Hormuz. With over 200 tankers currently stranded—representing approximately 10% of daily global oil needs—analysts warn prices could reach $150 if the crisis persists. In response, Saudi Arabia and the UAE have publicly supported U.S. "defensive actions" against Iranian threats, though both nations have called for urgent UN-mediated talks to protect regional stability and vital shipping routes. On the military front, the Pentagon reported a 12-hour window of U.S. air dominance with no intercepted Iranian missile launches. However, Tehran has countered with allegations that U.S. forces launched missiles from Bahrain toward Iranian territory, threatening proxy retaliation in Yemen and Syria. Meanwhile, U.S. Cyber Command successfully thwarted attempted breaches of Saudi Aramco and U.S. financial networks attributed to Iranian hackers. Diplomatic efforts continue behind the scenes in Islamabad, where Pakistani officials are reportedly hosting back-channel talks between U.S. envoys and Iranian representatives. These discussions are currently focused on establishing humanitarian corridors outside the Strait of Hormuz to facilitate the movement of essential supplies and the rescue of stranded vessel crews.