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MYSTEEL: How Hormuz Strait closure could affect global thermal coal market?

Source: Mysteel Mar 02, 2026 17:05
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The U.S.-Israel strikes on Iran and subsequent Iranian retaliations have effectively disrupted shipping through the Strait of Hormuz, one of the world's most critical energy chokepoints. While the direct impact on the global thermal coal market is limited, a prolonged disruption could still affect worldwide coal supply chains and prices, Mysteel Global understands.
Around 20% of global oil shipments, along with a significant share of LNG cargoes, transit through the strait, underscoring its importance to global energy security, analysts said.   Global oil markets have reacted swiftly. Brent crude futures spiked to $82.37 a barrel, the highest since January 2025, before easing to around

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