The world is currently missing 11% of its crude oil supply as Iran’s “Hormuz blockade” begins to trigger a massive global inflationary wave.
Browsing: LNG
Hormuz Strait’s 20 million daily oil barrels and 20% global LNG make it the world’s most consequential energy chokepoint.
Japan faces energy crisis and economic strain as Hormuz closure disrupts 94 percent of oil imports and tests security reforms.
Why Hormuz disruption matters: 20% oil, LNG halted; US escorts vulnerable, reserves insufficient. No quick fix.
Iran war roils energy markets: Brent tops $92, Hormuz choked, Qatari LNG halted. Strategic reserves cushion.