Strait of Hormuz
Global Markets Reel as Iran Effectively Closes the Strait of Hormuz: A New Era of Energy Insecurity
LONDON/NEW YORK — The global economy has entered a state of high alert as the Strait of Hormuz, the world’s most critical maritime energy chokepoint, remains effectively closed following a series of kinetic escalations by Iranian naval forces. On March 20, 2026, international shipping lanes in the narrow waterway—