What may happen as oil supplies dwindle and Strait of Hormuz remains mostly closed

Article excerpt

Commercial traffic through the Strait of Hormuz has plummeted as U.S.-Iran negotiations stall, threatening global energy markets and supply chains. The chokepoint normally carries roughly one-third of the world's seaborne oil trade, but shipping has dropped sharply amid tensions. Energy analyst Daniel Yergin warns that prolonged disruption could trigger cascading economic consequences worldwide, from fuel prices to manufacturing timelines. The impasse reflects deeper geopolitical fractures that show no immediate signs of healing.