Strait of Hormuz Closure Sparks Global Energy Market Disruption
The closure of the Strait of Hormuz in early 2026 has led to significant disruptions in global energy markets. This critical maritime passage, which typically handles about 20% of the world's oil supply, has been effectively closed due to military conflicts involving Iran, the United States, and Israel. The blockade has resulted in a near-total halt of oil and liquefied natural gas (LNG) shipments through the strait, causing a supply shock of unprecedented scale. The disruption has triggered secondary effects across various commodities, including fertilizers and petrochemicals, which are essential for global agricultural and industrial supply chains. 
