Global oil supply reels as Strait of Hormuz closure disrupts flows

The closure of the Strait of Hormuz by Iran has unleashed one of the severest disruptions to global oil flows in modern history, according to a report from the International Energy Agency (IEA). The strait, a crucial chokepoint for global energy shipments, has been brought to near-total halt since February 28, following escalations in the US-Israel conflict with Iran. With Iranian forces sabotaging traffic and US President Donald Trump announcing a blockade of Iranian ports on Sunday, the situat