Strait of Hormuz
Global Markets Shaken as Strait of Hormuz Blockade Chokes 20% of World Oil Supply
The global economy is currently facing its most severe energy crisis in decades as the Strait of Hormuz, a critical maritime chokepoint, remains effectively closed to international shipping. As of March 9, 2026, the blockade has disrupted approximately 20% of the world's daily oil and liquefied natural gas