# Hormuz and the US vote hold global trade in check

> Analysts say the Democrats' control of Congress from January 2027 limits Trump's room for maneuver, leaving a window from mid-November to mid-December for possible renewed US military action against Iran. Crude oil transit through the Strait of Hormuz has recovered only to 65-70% of pre-crisis levels, and refined products and LNG to 30-50%. The article cites reports that US and Israeli leaders may plan renewed strikes.

- Date: 2026-11-12 · published 2026-11-12T18:13:01.669Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/95891-hormuz-and-the-us-vote-hold-global-trade-in-check
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Renewed disruption at Hormuz would tighten crude and diesel supply, lifting energy costs for feed mills, transport and fertilizer production. Higher energy prices also feed through to biofuel-linked demand for corn and vegetable oils.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-01 | [How the attack on Iran could impact the global oil market and economy](https://feedsoft.ai/events/20773-how-the-attack-on-iran-could-impact-the-global-oil-market-and-economy.md) | +35.6% | +50.4% |
| WTI | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -6.6% | +6.7% |
| WTI | 2026-03-05 | [How the Iran war could create a ‘fertiliser shock’ – an often ignored global risk to food prices and farming](https://feedsoft.ai/events/6255-how-the-iran-war-could-create-a-fertiliser-shock-an-often-ignored-global-risk.md) | +16.5% | +35.8% |
| WTI | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +20.2% | +24.7% |
| WTI | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +35.6% | +50.4% |
| BRENT | 2026-07-30 | [Strait of Hormuz and drone threats to global shipping](https://feedsoft.ai/events/16801-strait-of-hormuz-and-drone-threats-to-global-shipping.md) | -8.4% | +5.7% |
| BRENT | 2026-03-01 | [How the attack on Iran could impact the global oil market and economy](https://feedsoft.ai/events/20773-how-the-attack-on-iran-could-impact-the-global-oil-market-and-economy.md) | +31.0% | +62.6% |
| BRENT | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -12.2% | -1.1% |

## Sources

- worldports.org: https://www.worldports.org/hormuz-and-the-us-vote-hold-global-trade-in-check/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.