Energy Security
Asia’s Energy Lifeline Severed: The Strait of Hormuz Blockade and the 2026 Global Economic Crisis
The global energy market is reeling today, March 4, 2026, as the Strait of Hormuz remains effectively closed to commercial traffic following a dramatic escalation in the Middle East conflict. The Islamic Revolutionary Guard Corps (IRGC) of Iran initiated a total blockade of the 21-mile-wide waterway earlier this