ORMUZ: O ESTREITO QUE CONTROLA O MUNDO | Market Makers Originals #01

Summary

The video examines how the Strait of Hormuz became a critical global energy chokepoint and how the 2026 US-Israel-Iran conflict effectively closed it through war-risk insurance rather than physical blockade. It traces the collapse in tanker traffic, the insufficient pipeline alternatives, and the transmission to oil, LNG, fertilizer, and food prices, including Brazil's exposure via diesel and urea imports.

• Hormuz normally carries about 20 million barrels per day of oil and derivatives, roughly one-fifth of world liquids consumption.
• After the February 2026 attack, transit collapsed from about 138 ships per day to 20 in a week without a physical blockade.
• War-risk insurance premiums surged from 0.15–0.25% to 7.5–10% of hull value, making Hormuz transits uneconomic.
• Saudi and UAE pipeline bypass capacity is only a fraction of the roughly 20 million barrels per day that normally cross Hormuz.
• About one-fifth of global LNG trade and important fertilizer-related exports from the Gulf were disrupted.
• Brazilian urea import prices rose about 76%, and producer-paid urea costs rose about 40%, pressuring Brazilian agriculture.