Lena Petrova: Chaos in Energy Markets as Strait of Hormuz Shuts Down, Iran Crisis Triggers Global Shock

The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Gulf of Oman, is one of the world’s most critical oil chokepoints. Recently, tensions in the region have escalated, with Iran reportedly closing or restricting the Strait in response to U.S.-Israel military actions. The consequences of this development are far-reaching, with global energy markets and shipping logistics facing unprecedented disruption. The Strait of Hormuz is a vital artery through which approximately 20% of global petroleum and liquefied natural gas (LNG) flows daily. The waterway is a crucial route for oil exports from major producers such as Saudi…