How Iran’s Oil Blockade Will Hurt 195 Countries
The closure of the Strait of Hormuz would have profound consequences for global trade and regional stability. As one of the world’s most critical maritime chokepoints, nearly a fifth of global oil and gas shipments pass through this narrow waterway. A shutdown would immediately disrupt energy supplies, driving up prices and triggering volatility in international markets. Gulf states reliant on exports would face severe economic strain, while importing nations in Asia and Europe would scramble to secure alternative routes. Militarily, the closure could spark confrontations between Iran and US-led naval forces tasked with keeping the strait open. Insurance costs for shipping would soar, and commercial traffic could be diverted, slowing global supply chains. Politically, the crisis would deepen divisions in the Middle East, heightening risks of escalation and drawing in external powers.
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