$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock
Potential oil crisis looms as tensions rise.
A prolonged closure of the Strait of Hormuz could push oil prices into triple digits. Analysts warn that disruptions may lead to immediate price spikes, with 13 million barrels per day passing through this critical waterway.
The stakes are high: a full-scale military conflict could disrupt 31% of global seaborne oil flows. If Iran retaliates, the worst-case scenario could mirror the 1970s oil crisis, sending prices soaring.
As tensions escalate, markets brace for potential supply shocks. Experts suggest military escorts may be deployed to protect shipping lanes, but if Iran feels cornered, a blockade of Hormuz remains a real threat.
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