Strait of HormuzHuòěrmùzī hǎixiá霍尔木兹海峡crisiswēijī危机to deepen / intensifyshēnhuà深化,Brent (crude oil benchmark)Bùlúntè布伦特crude oilyuányóu原油to surge / skyrocketbiāoshēng飙升to / reachingzhì至per barrelměi tǒng每桶$126 per barrelyībǎi èrshíliù měiyuán126美元。
Strait of Hormuz
Huòěrmùzī hǎixiá
霍尔木兹海峡
crisis
wēijī
危机
to deepen / intensify
shēnhuà
深化
Brent (crude oil benchmark)
Bùlúntè
布伦特
crude oil
yuányóu
原油
to surge / skyrocket
biāoshēng
飙升
to / reaching
zhì
至
per barrel
měi tǒng
每桶
$126 per barrel
yībǎi èrshíliù měiyuán
126美元
Iran
Yīlǎng
伊朗
on (a date)
yú
于
March 4
3 yuè 4 rì
3月4日
to announce
xuānbù
宣布
to close / shut down
guānbì
关闭
Strait of Hormuz
Huòěrmùzī hǎixiá
霍尔木兹海峡
Brent (crude oil)
Bùlúntè
布伦特
crude oil
yuányóu
原油
price
jiàgé
价格
immediately / thereupon
suíjí
随即
to surge
biāoshēng
飙升
peak value
fēngzhí
峰值
to reach
chùjí
触及
per barrel
měi tǒng
每桶
$126
yībǎi èrshíliù měiyuán
126美元
this / the current
cǐcì
此次
crisis
wēijī
危机
passive marker
bèi
被
considered as / regarded as
rènwéi
认为
to be
shì
是
since / from
zì
自
the 1970s
yījiǔqīlíng niándài
1970年代
since (that time)
yǐlái
以来
global
quánqiú
全球
most severe
zuì yánzhòng
最严重
structural particle
de
的
energy
néngyuán
能源
supply
gōngyìng
供应
shock / impact
chōngjī
冲击
nations / various countries
gèguó
各国
government
zhèngfǔ
政府
already
yǐ
已
to begin
kāishǐ
开始
to draw upon / mobilize
dòngyòng
动用
strategic
zhànlüè
战略
petroleum reserves
shíyóu chǔbèi
石油储备
in order to
yǐ
以
to stabilize
wěndìng
稳定
market
shìchǎng
市场
March 19, 2026 at 4:00 PM
Iran
Yīlǎng
伊朗
Islamic Revolutionary Guard Corps
Yīsīlán gémìng wèiduì
伊斯兰革命卫队
on (a specific date)
yú
于
March 4, 2026
2026 nián 3 yuè 4 rì
2026年3月4日
to announce
xuānbù
宣布
to close / shut down
guānbì
关闭
Strait of Hormuz
Huòěrmùzī hǎixiá
霍尔木兹海峡
to trigger / set off
yǐnfā
引发
global
quánqiú
全球
energy
néngyuán
能源
market
shìchǎng
市场
structural particle
de
的
intense / violent
jùliè
剧烈
turbulence / shockwave
zhèndàng
震荡
the / this (referred to)
gāi
该
strait
hǎixiá
海峡
daily
měirì
每日
to carry / bear
chéngzài
承载
approximately
yuē
约
to account for
zhàn
占
global
quánqiú
全球
20 percent
bǎifēnzhī èrshí
20%
structural particle
de
的
petroleum / oil
shíyóu
石油
and / as well as
jí
及
liquefied natural gas (LNG)
yèhuà tiānránqì
液化天然气
transport volume
yùnliàng
运量
blockade
fēngsuǒ
封锁
causing / making
lìng
令
numerous
zhòngduō
众多
oil tanker
yóulún
油轮
to be forced / compelled
bèipò
被迫
to anchor / moor
tíngbó
停泊
in / at
yú
于
strait
hǎixiá
海峡
nearby
fùjìn
附近
sea area / waters
hǎiyù
海域
Brent (crude oil benchmark)
Bùlúntè
布伦特
crude oil
yuányóu
原油
futures contracts
qīhuò
期货
price
jiàgé
价格
following this / accordingly
suízhī
随之
rapidly
kuàisù
快速
to climb / surge
pānshēng
攀升
March 19
3 yuè 19 rì
3月19日
to reach
chùjí
触及
per barrel
měi tǒng
每桶
$119
yībǎi yīshíjiǔ měiyuán
119美元
peak value
fēngzhí
峰值
further / even
gèng
更
to rise to
shēng zhì
升至
per barrel
měi tǒng
每桶
$126
yībǎi èrshíliù měiyuán
126美元
being / marking as
wéi
为
in the past four years
jìn sì nián lái
近四年来
highest
zuìgāo
最高
record
jìlù
纪录
Qatar
Kǎtǎěr
卡塔尔
national energy company (QatarEnergy)
guójiā néngyuán gōngsī
国家能源公司
under (an organization)
qíxià
旗下
two (facilities)
liǎng chù
两处
liquefied natural gas (LNG)
yèhuà tiānránqì
液化天然气
facility / installation
shèshī
设施
to suffer / be subjected to
zāo
遭
drone
wúrénjī
无人机
attack / strike
xíjī
袭击
after
hòu
后
company
gōngsī
公司
to announce / declare
xuānbù
宣布
regarding / for
duì
对
all
suǒyǒu
所有
export
chūkǒu
出口
contract
hétong
合同
to implement / invoke
shíshī
实施
force majeure
bùkě kànglì
不可抗力
comprehensively / completely
quánmiàn
全面
to suspend / halt
zàntíng
暂停
to ship goods / deliveries
chūhuò
出货
according to reports
jù bàodào
据报道
more than / exceeding
yú
逾
150 vessels
yībǎi wǔshí sōu
150艘
oil tanker
yóulún
油轮
to be stranded
zhìliú
滞留
in / at
yú
于
outer area of the strait
hǎixiá wàiwéi
海峡外围
sea area
hǎiyù
海域
the / this (referred to)
gāi
该
strait
hǎixiá
海峡
transit
guòjìng
过境
transport volume
yùnliàng
运量
already
yǐ
已
compared to
jiào
较
normal
zhèngcháng
正常
level
shuǐpíng
水平
to plummet suddenly
zhòujiàng
骤降
approximately
yuē
约
70 percent
bǎifēnzhī qīshí
70%
analysts
fēnxī rénshì
分析人士
to warn / warning
jǐnggào
警告
if / should
ruò
若
blockade
fēngsuǒ
封锁
situation / posture
tàishì
态势
to continue / persist
chíxù
持续
international
guójì
国际
oil price
yóujià
油价
there exists / poses
cúnzài
存在
further
jìnyībù
进一步
to surge / skyrocket
biāoshēng
飙升
to / reaching
zhì
至
per barrel
měi tǒng
每桶
$200
liǎngbǎi měiyuán
200美元
structural particle
de
的
risk
fēngxiǎn
风险
Organization for Economic Cooperation and Development (OECD)
Jīngjì Hézuò yǔ Fāzhǎn Zǔzhī
经济合作与发展组织
already / have
yǐ
已
to (action marker)
jiāng
将
the year 2026
2026 nián
2026年
global
quánqiú
全球
inflation
tōngzhàng
通胀
forecast / prediction
yùcè
预测
to revise upward
shàngtiáo
上调
1.2 percentage points
yī diǎn èr gè bǎifēndiǎn
1.2个百分点
to
zhì
至
4.0 percent
bǎifēnzhī sì
4.0%
and / also
bìng
并
simultaneously
tóngbù
同步
to revise downward
xiàtiáo
下调
multiple
duō gè
多个
major / main
zhǔyào
主要
economy (national unit)
jīngjìtǐ
经济体
structural particle
de
的
growth
zēngzhǎng
增长
expectations / forecast
yùqī
预期
each / various
gè
各
major
zhǔyào
主要
oil-consuming nations
shíyóu xiāofèiguó
石油消费国
currently / in the process of
zhèng
正
actively
jījí
积极
to draw upon / mobilize
dòngyòng
动用
strategic petroleum reserves
zhànlüè shíyóu chǔbèi
战略石油储备
in order to
yǐ
以
to stabilize / hold down
píngyì
平抑
prices
jiàgé
价格
and / also
bìng
并
actively
jījí
积极
to seek
xúnqiú
寻求
alternative
tìdài
替代
supply routes
gōngyìng lùxiàn
供应路线
in order to
yǐ
以
to ease / alleviate
huǎnjiě
缓解
market
shìchǎng
市场
pressure
yālì
压力
News in English
BusinessBrent Crude Surges to $126 a Barrel as Strait of Hormuz Crisis Deepens
Iran closed the Strait of Hormuz on March 4, 2026, sending Brent crude oil to a peak of $126 per barrel and triggering the largest global energy supply disruption since the 1970s. Major oil-consuming nations have begun drawing on strategic reserves as analysts warn prices could reach $200 per barrel if the blockade continues.
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