Prolonged Hormuz closure could spark a 1970s-style energy shock

Prolonged Hormuz Closure Could Spark 1970s-Style Energy Shock

The prolonged closure of the Hormuz Strait has raised concerns about a potential energy shock similar to those experienced in the 1970s. As a critical route for global oil exports, this disruption could severely impact countries dependent on imported energy and lead to significant increases in global fuel prices and supply chain issues.