Tensions Rise as Iran's Strait of Hormuz Closure Disrupts Global Oil Supplies

Iran's effective blockade of the Strait of Hormuz, following recent US-Israeli strikes, significantly hampers energy exports from Gulf states, risking a global energy crisis. The IMEC trade corridor, aimed at regional resilience, faces delays and increased geopolitical risks amid these tensions. Next, international diplomatic efforts may intensify to de-escalate the situation and secure energy routes.