The Irish Finance Minister attributed the ongoing energy crisis to the closure of the Strait of Hormuz, shifting attention away from the conflict in Ukraine. The strait is a crucial oil transit chokepoint, and its closure has intensified concerns about global energy supplies and raised broader geopolitical implications. The U.S. continues to oppose Iran’s imposition of fees on passage through Hormuz. Prediction-market pricing indicates a 5.9% chance that the U.S. will charge fees by December 31, 2026, suggesting skepticism about a policy change. Observers will watch statements from President Trump and Secretary of State Rubio, as well as Iran’s decisions on maintaining or adjusting passage fees. Official confirmations or denials from Tehran could affect market expectations and regional geopolitical dynamics.