Published: Apr 19, 2026, 09:00 IST | Updated: Apr 19, 2026, 09:00 IST
Global oil markets are facing a severe shock as reports indicate that more than 500 million barrels of crude supply have been cut over the past 50 days amid the US–Iran conflict. The disruption linked to repeated instability in the Strait of Hormuz has tightened global supply, triggered price volatility, and raised fears of a prolonged energy crisis as shipping routes remain under threat and diplomatic tensions continue to escalate.