Hormuz Closure Delivers Record Oil Supply Shock, Redrawing Global Risk
TL;DR Summary
A visualization ranks seven major oil supply disruptions; the March 2026 closure of the Strait of Hormuz caused a record 10.1 million barrels per day loss, far exceeding disruptions like the Iranian Revolution, while other large shocks include the 1973–74 Arab oil embargo and the Kuwait invasion, with data from the IEA and World Bank and highlighting the chokepoint's impact on global markets.
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