Strait of Hormuz Stays Shut for 3 Months, Disrupting Global Oil and Gas
Updated
Updated · Bloomberg · Jun 15
Strait of Hormuz Stays Shut for 3 Months, Disrupting Global Oil and Gas
3 articles · Updated · Bloomberg · Jun 15
Summary
More than three months of effective closure at the Strait of Hormuz have choked the main tanker route for Persian Gulf exports, leaving global oil and gas flows badly disrupted.
The shutdown followed the late-February war launched by the US and Israel against Iran, turning the waterway into a prolonged bottleneck for energy shipments.
Persian Gulf producers account for the world’s biggest concentration of oil and gas output, and much of that supply can reach buyers only through Hormuz.
The squeeze has spread beyond shipping, tightening supplies of oil, gas and other commodities and driving prices far above prewar levels.
A deal reopens the Strait of Hormuz, but is the world prepared for the long-term economic aftershocks?
The Hormuz crisis is over, but what happens when the next global supply chokepoint is threatened?
20 Million Barrels Lost: How the 2026 Strait of Hormuz Closure Reshaped Global Energy and Economy
Overview
On February 28, 2026, the United States and Israel launched strikes against Iran, resulting in the deaths of key Iranian leaders. Iran quickly retaliated by targeting Gulf infrastructure, causing chaos and severely disrupting oil flows. In response, Iran closed the Strait of Hormuz through mine-laying and attacks on ships, cutting off a vital global energy route. This closure triggered the largest supply disruption in oil market history, plunging the global energy market into turmoil and uncertainty. The crisis highlights how regional conflict can rapidly escalate into a worldwide economic and energy emergency.