US-Iran Strait of Hormuz Crisis: Global Oil Supply Shock 2026

The 2026 US-Iran Strait of Hormuz crisis exposes the structural vulnerability of the global energy system, leading to soaring oil prices and supply chain restructuring. This crucial waterway handles a significant portion of global energy trade, and its limited alternative routes pose a high strategic risk. It exacerbates energy security threats and raises concerns about a global economic recession.