The Strait of Hormuz: A Chokepoint in Crisis and the Global Supply Chain Under Siege
The global economy is holding its breath. The Strait of Hormuz, the world’s most critical maritime chokepoint for oil and gas, is in a state of unprecedented crisis. A combination of military threats, withdrawn insurance coverage, and direct attacks on vessels has led to a “de facto closure” of the strait, sending shockwaves through global energy markets and supply chains.
