iran is a key geopolitical actor in the Middle East, with its actions significantly influencing global energy markets.

Key impacts:

• [[Strait of Hormuz]]: Controls a strategic position relative to the [[Strait of Hormuz]], a vital chokepoint for global oil and lng trade. Its newly established "Persian Gulf Authority" has expanded maritime claims and floated permanent transit levies.
• Market Disruption: Geopolitical tensions and actions concerning the Strait of Hormuz can lead to sustained disruptions, impacting lng supply chains, delaying the global lng supply glut, and increasing commodity prices globally, affecting buyers such as those involved in [[Latin America LNG Import]].