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The Strait of Hormuz Crisis: Could One Conflict Trigger a Global Economic Shock?
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The Strait of Hormuz Crisis: Could One Conflict Trigger a Global Economic Shock?

A narrow waterway between Iran and Oman has become one of the most consequential flashpoints in the global economy. The Strait of Hormuz is a critical route for the world's oil and liquefied natural gas supplies, meaning prolonged disruption can affect fuel prices, inflation, international trade and household finances thousands of miles away. As the conflict involving Iran, the United States and Israel continues to disrupt shipping, the world faces a difficult question: how vulnerable is the global economy when one of its most important energy routes becomes a battlefield?

20 min read