"The International Energy Agency has also identified the conflict in the Middle East as the principal source of the broader global supply shock, saying in June that global markets are dealing with “their largest supply disruption in history resulting from the near closure of the Strait of Hormuz.”
The Strait of Hormuz, the vital passageway through which 20% of the world’s oil flowed prior to the war, was effectively closed by Iran after the U.S. and Israel coordinated attacks on the nation on Feb. 28."
Framing: assertive ·
First seen: 2026-09-14 ·
Last seen: 2026-09-14 ·
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