Hormuz Crisis Triggers Global Energy Shock
Edited By WION Video Desk
Published: Mar 20, 2026, 11:00 IST | Updated: Mar 20, 2026, 11:00 IST
A massive global energy shock is rippling across economies after Iran’s move to shut down the Strait of Hormuz, a route that carries nearly 20% of the world’s oil and LNG supply. With crude prices surging past 100 dollars a barrel, governments are now scrambling to rethink energy security, diversify supplies, and accelerate the shift away from fossil fuels.
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