As tensions rise in the Iran-Israel confrontation, anxieties grow over a possible blockade of the Strait of Hormuz, a vital chokepoint for approximately 20% of world oil trade. Any disruption here may send shockwaves through the global economy, raising fuel costs and affecting supply networks throughout the world.
The strait, which connects Iran and Oman, is only 33 kilometres wide at its narrowest point and has long been considered a geopolitical flashpoint. If Iran chose to close the strait, as it has threatened in previous confrontations, the effects will be rapid and far-reaching.
Oil prices have already responded to the regional volatility, though key infrastructure remains untouched. However, even the threat of closure can trigger market panic, disrupt shipping routes, and force countries to tap into emergency reserves to avoid energy shortfalls.
Experts and global leaders are urging restraint, with diplomatic efforts underway to de-escalate the situation. The Strait of Hormuz remains open for now, but as military action continues, energy-dependent economies are bracing for what could be a historic disruption in the global oil supply chain.
