42 resultsfor “Impact of Hormuz Strait closure on oil supply”
Strait of Hormuz. That closure has impacted the world's supplies of oil and liquid
oil is destined for Asia, according to the International Energy Agency. “The effective closure of the Strait of Hormuz has been inflicting enormous impact on the Indo-Pacific,” Takaichi said on Monday. “We affirmed that
Hormuz as a result of its “treacherous aggression” against its neighbours. ## ‘Vital artery’ One-fifth of the world’s supplies of oil and liquefied natural gas (LNG) are shipped through the strait, which connects Gulf
closure of the Strait of Hormuz](/opinions/2026/3/27/the-strait-of-hormuz-is-not-just-an-oil-chokepoint) starts to bite on the economy. The government in New Delhi announced the 3 rupees ($0.03) per litre price hike on Friday, as it moved to offset losses
supply chain. The closure of the Strait of Hormuz, a key shipping channel through which 20% of the world's oil and liquid natural gas usually passes, has sent oil prices soaring since the conflict
Hormuz were to reopen tomorrow, the impact of disruption caused by the US-Israeli war on Iran could still be felt into next year, he said. Iran’s effective closure of the strait
Strait of Hormuz having been blocked for the past eight weeks, however, those supplies have not been available, prompting a scramble for fuel produced elsewhere. This has pushed up prices dramatically. In late February, before
closure of the [Strait of Hormuz](/news/2026/5/9/on-level-of-atomic-bomb-iran-highlights-hormuz-importance-amid-us-talks) during the US-Israel war on Iran. Since early March, Iran has restricted shipping through the strait, a narrow waterway linking Gulf oil producers to the open ocean
closure of the Strait of Hormuz, through which a fifth of the world's energy shipments pass, has sent oil prices surging. But Iran has continued exporting its own oil - and in doing so, cashing
closure of the Strait of Hormuz, through which about 20 percent of the world’s oil and natural gas is shipped. Dangote, Africa’s richest man, appeared to be one of the winners from this
Strait of Hormuz](/news/2026/6/11/iran-shuts-hormuz-strait-but-wasnt-it-already-closed) – a vital passageway for oil and gas transit – in response to the hostilities launched by the US and Israel has put huge stress upon global energy and other supply chains
Hormuz](/news/2026/5/3/strait-of-hormuz-blockade-and-other-major-naval-sieges-in-modern-times), through which one-fifth of the world’s oil is shipped during peacetime, has been effectively shut. The closure of the strait has affected Japan, which imports 40 percent of its naphtha
impact on food prices globally next year, according to one of Britain’s most powerful property and farming companies. Mark Preston, [executive trustee of the 349-year-old Grosvenor Group](https://www.theguardian.com/business/2025/may/28/trump-tariff-war-global-damage-grosvenor-duke-westminster), controlled
Hormuz, the key waterway which was closed to shipping by Iran in the early days of the conflict, cutting the supply of around a fifth of the world’s oil and gas. The standoff
supplies  A Lufthansa passenger jet refuels at the gate at Toulouse-Blagnac Airport in France
impact from the Iran conflict and “short-term adjustments to travel plans”, the airport said. However, the number of transfer passengers transiting for onward flights rose 10% in April year-on-year, as travellers rerouting
closure of the strait of Hormuz, a key shipping lane that carried a fifth of global oil and gas, has sent oil prices soaring since the US and Israeli attacks on Iran began in February
Hormuz – a chokepoint for about a fifth of the world’s oil and gas supplies – as well as Iran’s nuclear and ballistic missile programme. Talks have largely not progressed and the strait remains mostly
closure of the Strait of Hormuz, is driving up the cost of living and hitting the budgets of firms, families and governments. But while some have been pushed to the brink, others, whose core businesses
Strait of Hormuz, a lifeline for India’s gas imports, continues. Meanwhile, the war continues, with the US on Sunday capturing an Iranian cargo vessel, even as Washington says it is willing to hold another