Energy — Middle East Conflict Threatens Global Oil Supply Through Strait of Hormuz

Energy · 2026-03-11

The energy markets are experiencing a severe supply shock as the Iran conflict escalates into a full-blown crisis at the Strait of Hormuz. With the critical chokepoint effectively blocked by Iranian mining and GPS jamming, Gulf producers have been forced to slash output by over 5 million barrels per day as storage fills up. Qatar's LNG exports (20% of global supply) are halted, triggering an…