The closure of the Strait of Hormuz, a critical global chokepoint, due to escalating conflict in West Asia is triggering the largest disruption to global energy supply since the 1970s. This threatens to push oil to $200/barrel, cause severe inflation, and risk up to $3.5 trillion of global GDP, with India, Pakistan, Bangladesh, Japan, and South Korea facing acute energy scarcity.
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- ›Strait of Hormuz Oil Transit: 20 million barrels per day (20% global supply)
- ›Potential Oil Price: $200 per barrel
- ›Target this Data: 20 million barrels/day of oil transit via Strait of Hormuz (20% global supply).
- ›Target this Data: 53% of India's LNG imports come via Qatar & UAE through the Strait.
- ›Target this Concept: 'Chokepoint' in global supply chains and its strategic vulnerability.
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