Energy — Strait of Hormuz Crisis Triggers Global Energy Emergency as Oil Could Hit $200; Supply Routes Disrupted

Energy · 2026-03-31

The energy industry faces its most severe supply chain disruption since the 1970s oil crisis, with the Strait of Hormuz effectively closed and global implications cascading across all sectors. The bottleneck of 100 million barrels per week of undelivered oil is creating unprecedented pressure on global energy markets, with analysts projecting potential $200/barrel scenarios. This supply shock is…