Iran has reintroduced the concept of the 'oil weapon' by restricting oil tanker movement through the Hormuz Strait in response to continued US and Israeli airstrikes in the Gulf region. This move has triggered a global oil shortage and sharp price increases, with Brent crude trading above $100 per barrel and analysts warning prices could reach $140 if the conflict continues. On March 20, the Trump administration temporarily eased sanctions on Iranian oil for 30 days to stabilize prices, signaling limited policy options.
The article draws parallels between Iran’s current strategy and the 1973 Arab oil embargo, when Arab OPEC members halted exports to Israel-supporting nations, causing a fourfold price surge and forcing the US to alter its Middle East policy. Then, as now, energy restrictions achieved political leverage over Western powers.
Experts cited in the report note that despite larger petroleum reserves among OECD countries today, these would only cushion short-term disruptions. Iran’s actions have exposed the limits of US military power and underscored that oil remains a potent geopolitical tool even after five decades.
আহমেদ আসমার প্রকাশ : ০৬ এপ্রিল ২০২৬, ০৯: ১৯আপডেট : ০৬ এপ্রিল ২০২৬, ১০: ২০ ১৯৭৩ সালের অক্টোবরে আরব-ইসরাইল যুদ্ধের সময় আরব তেলমন্ত্রীরা ইসরাইল-সমর্থক দেশগুলোর বিরুদ্ধে জ্বালানি নিষেধাজ্ঞা আরোপ করেন। এই পদক্ষেপের মাধ্যমে তারা এমন এক এক অস্ত্রের ব্যবহার
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