Energy — Iran Conflict Threatens Global Oil Supply Through Hormuz Strait Closure

Energy · 2026-03-25

The energy landscape has been dramatically reshaped by the US-Israel war with Iran, creating the largest supply disruption in oil market history. The effective closure of the Strait of Hormuz has trapped 20% of global oil supply and 30% of seaborne LNG, driving the Indian oil basket above $150/barrel. The crisis has triggered a cascade of emergency responses: Japan is releasing strategic…