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2026March › 09

Hormuz

4 months ago

Roughly 20% of global LNG flows through the Strait.
French president says 'purely defensive' mission aims to gradually reopen key Gulf waterway amid spike in oil prices.
Oil prices surged above $100 per barrel as the critical Strait of Hormuz remains closed due to threats from Iran.
The price of crude oil has sharply spiked as the Strait of Hormuz has been effectively closed as the United States and Israel wage war on Iran.
Oil prices surged above $100 a barrel in the early hours as investors priced in further disruption as the Strait of Hormuz remains effectively shut.
Almost as soon as strikes began, Tehran threatened to close the Strait of Hormuz, where about 20million barrels of oil pass through a day. Now, they have effectively done so.
The escalating situation in the Strait of Hormuz will have painful implications for global shipping as well as the world’s economies.

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