Strait of Hormuz disruption triggers major global oil supply shock amid West Asia conflict

The effective closure of the Strait of Hormuz has triggered the worst global energy crisis since the 1970s, The Wall Street Journal reports, with analysts describing it as one of the largest oil supply shocks in modern history. Nearly 20 million barrels of oil per day typically transit this key corridor, but the conflict in West Asia has severely disrupted shipments. Traders warn the resulting supply shock could spread through global economies, amplifying the impact of the ongoing disruption in the region.