Tomgram: Juan Cole, The Strait of Hormuz Oil Crisis of 2026 Is the Biggest Ever

The ongoing war in the Strait of Hormuz, triggered by a US-Israeli alliance, has caused a global energy crisis and a surge in oil prices. President Trump's participation in the blockade has exacerbated the conflict, leading to widespread energy instability. Analysts suggest the electric vehicle market may be the only sector to benefit from this turmoil.