Middle East Crisis Triggers Global Energy Chokepoint Collapse
Shipping through the Strait of Hormuz has plummeted 97% due to escalating Middle East conflict, severely disrupting global energy flows that previously carried 38% of seaborne crude oil. This represents a shift from regional conflict to systemic global economic shock, with Western economies facing acute energy supply vulnerabilities.
The near-complete closure of the world's most critical energy transit route signals we've crossed into a new phase of economic warfare with cascading supply chain implications.
energy
middle east
oil prices
global economy