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War in Strait of Hormuz Triggers Global Economic Assault

Source: economist.com

Conflict disrupts 15% of world oil and Qatar LNG, sparking instant energy panic.
European gas prices rocket 60%, hitting businesses with permanent risk premiums.
World enters era of energy insecurity, demanding resilient supply chains.

A sudden war in the Strait of Hormuz has crippled key energy supplies, turning a regional fight into a worldwide economic crisis. Oil and gas markets are in chaos, with prices surging and supply chains buckling under the strain. This matters because it exposes how fragile global energy dependence really is, threatening growth everywhere.