Global Energy Volatility and the Strait of Hormuz Crisis (warontherocks.com)

• Brent crude prices surged 59 percent due to the Strait of Hormuz closure.
• One-fifth of global oil and LNG supply chains are currently disrupted.
• The crisis reveals systemic failures in energy market diversification.

"The escalation of the Iran-US-Israel conflict has triggered a severe global energy shock following the closure of the Strait of Hormuz. With 20 percent of global oil and LNG supplies previously transiting this chokepoint, the resulting 59 percent surge in Brent crude prices highlights the extreme vulnerability of international energy infrastructure. This crisis underscores the persistent failure to decouple economic stability from volatile fossil fuel dependencies, necessitating a urgent shift toward domestic and diversified energy sources to ensure European and Western resilience against regional geopolitical shocks."