One-Fifth of the World's Oil Is at Risk in the Strait of Hormuz

The Strait of Hormuz handles roughly 20–21 million barrels of oil daily—one-fifth of global consumption. Following U.S. and Iranian military clashes in June 2026, markets now worry Iran could block the waterway. Attacking bases is one thing; strangling shipping lanes would cripple Asian refineries with no backup route, driving oil prices sharply higher.