The Strait of Hormuz is a critical route for roughly one-fifth of the world’s oil supply, along with significant volumes of liquefied natural gas from the Middle East. If this passage were closed — even temporarily — global oil prices would likely surge immediately, driving up energy, transportation, and consumer goods costs, and intensifying inflationary pressures worldwide.
Major Asian economies would be particularly affected, while global financial markets could experience sharp volatility. If prolonged, such a disruption could significantly slow global economic growth.
This scenario highlights the fragility of the world’s energy system and underscores the importance of diversifying energy sources for long-term stability.
Cr. XSpring AM
