Oil prices surge as Strait of Hormuz blockade disrupts global energy flow

Amid intensifying conflict in the Gulf region, crude oil prices continue to spike as the blockade of Iranian ports by the US Navy disrupts the global energy supply chain. The blockade, initiated this week to cut off Iran’s oil exports after failed negotiations between Washington and Tehran, has effectively paralyzed transit through the Strait of Hormuz—a critical waterway responsible for over 20 percent of global oil and liquefied natural gas trade. This follows weeks of escalating tension stemm