energy · April 10, 2026
Strait of Hormuz Crisis Reshapes Global Energy Markets as US-Iran Ceasefire Offers Potential Relief
Six weeks into the Iran–US conflict, the closure of the Strait of Hormuz has removed 11 million barrels per day from global oil supply—the most significant disruption in modern market history. A tentative US-Iran ceasefire announced this week could temporarily reopen the critical waterway.