Strait of Hormuz crisis: 3 scenarios from US-Iran tensions set to shake global oil and energy markets

The Strait of Hormuz has long been described as the world’s “jugular vein” for global energy, but that metaphor has now taken on a chillingly literal significance. As geopolitical tensions in the West Asia reach a fever pitch, the “Hormuz Question”—whether the waterway remains open, becomes a selective transit zone, or faces a total blockade—has become the single most important variable for global economic stability. With approximately 21 million barrels of oil and a massive portion of the world’s Liquefied Natural Gas (LNG) passing through this narrow chokepoint daily, even a minor disruption sends shockwaves through Wall Street and Dalal…