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Oil Supply

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View of Iran — the country has closed the Strait of Hormuz to commercial shipping

Iran Closes Strait of Hormuz: 20% of Global Oil Supply Disrupted

Iran has formally closed the Strait of Hormuz to commercial shipping following retaliatory strikes on US bases, disrupting approximately 20% of the world's oil supply and triggering a global energy crisis.

iranstrait-of-hormuzoil-supplyenergy-crisiseconomic-impactpersian-gulf

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IranStrait Of HormuzEnergy CrisisEconomic ImpactPersian Gulf