Strait of Hormuz
The Hormuz Blockade: Global Markets Shaken as $126 Oil and Coffee Surges Redefine Trade
The global economy is currently reeling from the most significant disruption to maritime trade in decades. Since early March 2026, the Strait of Hormuz—a vital artery through which 20% of the world’s oil and nearly a quarter of its liquefied natural gas (LNG) flows—has been effectively shuttered.