Geopolitical Escalation in the Strait of Hormuz: Rising Risks to Global Energy and Economic Stability
The Strait of Hormuz normally carries about 30–35 tankers per day, transporting 17–20 million barrels of oil (around 20% of global supply). Amid the ongoing Middle East conflict, traffic has already declined. Even without a full closure, these reductions are actively disrupting global oil flows, increasing prices, driving inflation, and placing significant strain on global energy and supply chains.The Strait of Hormuz normally carries about 30–35 tankers per day, transporting 17–20 million barrels of oil (around 20% of global supply). Amid the ongoing Middle East conflict, traffic has already declined. Even without a full closure, these reductions are actively disrupting global oil flows, increasing prices, driving inflation, and placing significant strain on global energy and supply chains. The United States is adopting a new strategy in the context of the ongoing conflict. According to US military statements, it is moving toward restricting maritime traffic entering and exiting ...