Strait of Hormuz
Global Energy Markets Braced for Impact as Conflict in the Strait of Hormuz Risks 20% of World Oil Supply
The global energy landscape is currently facing its most severe crisis in decades following the escalation of military hostilities in the Persian Gulf. As of March 5, 2026, the Strait of Hormuz—the world’s most critical maritime chokepoint—has become a de facto closed corridor for commercial shipping. This