Chokepoint

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Naval vessels and oil tankers in the Strait of Hormuz amidst a backdrop of geopolitical tension and volatile energy markets.

Iran's Strait of Hormuz Closure Disrupted Global Trade

Oil prices surged to $111 per barrel as war erupted, only to drop 10-11% after Iran's brief reopening of the Strait of Hormuz, highlighting Tehran's immediate global economic impact.

Dr. Evelyn Reed·June 14, 2026