The world is currently missing 11% of its crude oil supply as Iran’s “Hormuz blockade” begins to trigger a massive global inflationary wave.
Friday, May 22, 2026
The world is currently missing 11% of its crude oil supply as Iran’s “Hormuz blockade” begins to trigger a massive global inflationary wave.
Why Hormuz disruption matters: 20% oil, LNG halted; US escorts vulnerable, reserves insufficient. No quick fix.