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On February 16, 2026, Iran's Islamic Revolutionary Guard Corps Navy launched military exercises titled "Smart Control of the Strait of Hormuz," commencing live-fire drills in the narrow waterway through which approximately twenty percent of global seaborne crude oil passes just forty-eight hours before scheduled diplomatic talks in Geneva between Iranian Foreign Minister Abbas Araghchi and U.S. Special Envoy Steve Witkoff, timing that regional analysts interpreted as deliberate signaling demonstrating Tehran's capacity to disrupt energy markets while simultaneously engaging in negotiations with the Trump administration over nuclear program constraints and sanctions relief. The exercise, supervised by Islamic Revolutionary Guard Corps Commander-in-Chief Major General Mohammad Pakpour, involved combined operations designed to assess naval force readiness in the strategically vital passage separating Iran from Oman at its narrowest point of approximately thirty-three kilometers, while American military officials maintained heightened alert as U.S. Navy vessels tracked Revolutionary Guards speedboats conducting maneuvers that could produce dangerous encounters despite diplomatic channels working to de-escalate tensions. Recent precedent from May-September 2019 when tanker attacks near the strait triggered shipping insurance cost spikes from approximately $10,000 to $185,000 per voyage demonstrated how limited military actions could disrupt energy flows affecting global petroleum supply chains, just as American households in Houston, Dallas, and Phoenix managing gasoline prices averaging $3.25-3.45 per gallon faced calculations that sustained Strait of Hormuz disruptions pushing prices toward $5.75 could add approximately $175-220 monthly to typical family transportation budgets already strained by grocery inflation averaging 8.2 percent, utility increases exceeding 11.5 percent, and housing costs consuming 35-40 percent of median family income. Whether diplomatic channels in Geneva would produce frameworks for managing bilateral tensions through negotiated constraints, or collapse under weight of maximalist demands neither side could accept, remained uncertain as Iranian military exercises demonstrated capabilities while negotiations tested possibilities for pathways determining whether American families experienced continued gasoline price stability from diplomatic resolution maintaining Strait of Hormuz shipping flows or instead confronted higher costs from sustained disruptions adding hundreds of dollars monthly to transportation expenses as gasoline pump prices translated abstract Middle East tensions into concrete household budget calculations. Disclaimer: All content on this channel is provided for educational and informational purposes only. Nothing presented should be considered financial, investment, legal, or political advice.