Decades' Worst Energy Crisis: A Month-Long Strait of Hormuz Closure's Impact
Loading more articles...
Strait of Hormuz Closure: Global Energy Crisis Deepens Amid US-Iran Tensions
N
News18•23-03-2026, 10:34
Strait of Hormuz Closure: Global Energy Crisis Deepens Amid US-Iran Tensions
•The Strait of Hormuz has been severely disrupted since February 28, with 16 vessels damaged, leading to a major global energy crisis.
•US President Donald Trump issued a 48-hour ultimatum to Iran to reopen the strait, threatening to 'obliterate' power facilities; Iran countered by threatening complete closure if its power plants are attacked.
•The US has deployed A-10 Warthog attack planes and AH-64 Apache helicopters for a 'hunt and kill' mission against Iranian vessels disrupting oil and LNG shipments.
•Disruptions have caused Brent crude to surge past $100 and European gas prices to nearly double, leading to unprecedented strategic reserve releases and increased global inflation.
•A month-long closure would trigger a severe global energy shock, with oil and gas prices spiking, trade routes disrupted, and significant geopolitical fallout, impacting major importers like India, China, and Japan.