One Strait, 20 Million Barrels: Could Hormuz Trigger an Oil Shock Bigger Than 1973?
Global oil markets are once again on edge as tensions around the Strait of Hormuz threaten to disrupt one of the world’s most critical energy chokepoints. Brent crude prices have surged toward $120 per barrel, reviving comparisons with the oil shocks of the 1970s. Analysts warn that any prolonged disruption in the Strait of Hormuz…