Strait of Hormuz Conflict Disrupts ~25% of Global Crude Oil, 19% of LNG Maritime Trade

Iranian military action and U.S. countermeasures since February 2026 have severely curtailed commercial shipping through the Strait of Hormuz, triggering global energy market disruptions affecting crude oil, petroleum products, and LNG. A June 2026 U.S.-Iran MOU briefly stabilized markets, but the U.S. reimposed a naval blockade in early August 2026 after Iran renewed attacks, leaving supply disruptions and price...