Oil markets are failing to adequately price in the significant geopolitical risks currently weighing on global energy supply, according to Amrita Sen, founder and director of market intelligence at Energy Aspects. Speaking on CNBC's The Exchange on July 13, 2026, Sen argued that energy markets need to undergo a meaningful repricing to properly account for what she described as still-elevated risk levels in the current environment. The comments came against the backdrop of two major developments shaking global oil supply chains: the reinstatement of an Iran blockade by the Trump administration, and a proposed 20% toll on cargo transiting through the Strait of Hormuz.
The Strait of Hormuz is one of the world's most strategically critical energy chokepoints, through which a substantial portion of global seaborne oil exports passes. The severity of the supply disruption risk is underscored by the response from major shipping operators. Nordic American Tankers' chief executive stated that the company is not sending any tankers back through the Strait of Hormuz, signaling a broader retreat by tanker operators from the waterway and raising serious concerns about the continuity of oil flows from the Persian Gulf region.
Sen's assessment, delivered in a segment hosted by CNBC's Kelly Evans, reflects growing concern among energy market analysts that current oil prices do not fully capture the potential impact of a prolonged disruption to one of the world's most vital maritime corridors. The combination of renewed sanctions pressure on Iran and the introduction of cargo tolls in the Strait of Hormuz represents a significant tightening of conditions for Persian Gulf energy exports. Source: CNBC, The Exchange, July 13, 2026.
Source: cnbc.com