Why the Strait of Hormuz closure in 2026 to push oil prices sky-high
The Strait of Hormuz — a narrow waterway between Iran and Oman — is one of the world’s most critical energy chokepoints. Normally, it carries about 20-30% of global seaborne oil trade and a similar share of liquefied natural gas (LNG). But since early March 2026, amid the escalating US-Israel-Iran war, Iran has effectively closed … Read more