Global Oil Supply Threatened by Strait of Hormuz Closure

The Strait of Hormuz is a vital maritime chokepoint, serving as a primary route for 20% of global liquefied natural gas and nearly a quarter of all seaborne oil trade.

Global markets have reacted with extreme price volatility, as Brent crude prices surge.

Economists warn that if this blockage continues, it will drive global inflation and cause significant disruptions to international supply chains, affecting everything from gasoline prices to the production of semiconductors and fertilizers.