As the conflict in Iran escalates, significant disruptions to oil transportation are occurring in the Strait of Hormuz, prompting fears of a major oil shock. Reports indicate that oil flows have dried up, pushing prices up to $70 a barrel and worrying investors about potential spikes to $100. Iranian revolutionary guards have declared that no ships are allowed to pass through this vital shipping lane, leading to a plummet in ship traffic. The situation raises concerns about how prolonged hostilities could affect not only oil supplies but also global markets and gas prices at the pump. Analysts warn that the ongoing tensions pose a greater risk to energy markets than previous crises and could lead to inflation if the strikes continue.