Global Energy Crisis Through Strait of Hormuz Blockade
On March 2, 2026, the Strait of Hormuz, a critical global energy route, was effectively closed, interrupting approximately 20 percent of global maritime oil trade. The oil price exceeded the 100-dollar mark per barrel for the first time in four years, marking the largest disruption to the energy market in years. The article addresses the impacts of this geopolitical crisis on global energy supply.