Oil prices surge, many countries implement countermeasures. Middle Eastern countries open new trade routes as an alternative to the Strait of Hormuz.

The US-Iran military conflict has now lasted for more than two weeks, and its impact has spread to the daily lives of people in European and American countries. European Commission President von der Leyen recently stated that in the first 10 days of the conflict, European taxpayers have spent an additional 3 billion euros on importing energy. Faced with skyrocketing oil prices, several European and American countries have initiated various measures. Member countries of the International Energy Agency such as the UK, Germany, and Austria have stated that they will cooperate with the IEA to release 400 million barrels of strategic petroleum reserves. On the 12th, the US Treasury announced a temporary relaxation of some sanctions on Russian oil, allowing for the sale, delivery, and unloading of 124 million barrels of Russian crude oil or petroleum products that have already been loaded onto ships. Meanwhile, several oil-producing countries in the Middle East have taken actions to replace the closed Hormuz shipping route. Saudi Arabia announced the launch of the "Integrated Logistics Corridor" plan this week, while the UAE is diverting goods to the ports of Fujairah and Jebel Ali along the Arabian Sea coast, and the Dubai Ports World Group allows for final customs clearance at the Jebel Ali port through the bonded highway. However, the capacity corresponding to the emergency measures still falls far short of compensating for the immense losses caused by the closure of the Hormuz Strait.