Two major geopolitical developments: the US expects a deal between Iran and Oman to reopen the Strait of Hormuz, vital for global oil supply, while Saudi Arabia, Pakistan, and Turkiye have signed a joint defence pact in Mecca. These events reshape West Asian security and energy dynamics, directly impacting global inflation and regional alliances.
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- ›Strait of Hormuz oil transit: ~20% (1 in 5 barrels) of global oil
- ›US-Iran war start date: February 28, 2026
- ›Target this Data: 20% of global oil transits Strait of Hormuz; US-Iran war started Feb 28, 2026
- ›Target this Nodal Body: Strait of Hormuz (geography chokepoint), Defence pact: Saudi Arabia, Pakistan, Turkiye
- ›Target this Legal Point: Mutual defence clause (armed attack on one = attack on all)
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