Why the Hormuz Strait's Closure Threatens Global Oil Supply

The Strait of Hormuz moves 20 percent of seaborne oil globally with no viable alternative. Unlike Suez or the Cape, Gulf cargo cannot reroute. After 29 vessel attacks and an IMO declaration that safe passage is impossible, sustained closure jeopardizes energy supplies for both Gulf producers and Asian importers. Twenty thousand stranded crew members face a humanitarian emergency.