US EditionThe Strait of Hormuz Is Facing a Blockade. These Countries Will Be Most Impacted
Iran's closure of the Strait of Hormuz threatens 31% of seaborne crude and 20% of global LNG exports, severely impacting Asian energy importers, officials and analysts warn.
- On March 2, 2026, a senior IRGC commander said the Strait of Hormuz was shut and warned vessels attempting transit would be targeted, while commercial ships anchored off the United Arab Emirates amid disruptions.
- The Strait of Hormuz, located between Oman and Iran, was reportedly shut after Iranian drones hit Qatar's Ras Laffan and Mesaieed facilities on Monday, halting LNG production.
- About 20% of Gulf-origin LNG exports are at risk, and Qatar and the UAE supply 99% of Pakistan's, 72% of Bangladesh's, and 53% of India's LNG, with Pakistan and Bangladesh vulnerable due to limited storage, Kpler's Katayama said.
- Rystad Energy noted that Saudi loadings and strategic reserves could provide temporary cushioning as Brent rose about 2.7% to near $80 per barrel, with some analysts warning it could surpass $100.
- Kpler warned that prolonged outages would force competition for Atlantic cargoes, while China’s inventories as of late February stood at 7.6 million tons, with Korea and Japan holding reserves covering roughly two to four weeks of demand.
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14 Articles
Know which countries would be affected by the blockade of Iran in the Strait of Ormuz, through which oil exports pass
WTI jumps over 6% to top $75 amid US-Iran war risks
West Texas Intermediate (WTI) surges more than 6% on Tuesday, climbing above the $75 psychological mark as the ongoing US-Iran war raises fears of potential oil supply disruptions through the Strait of Hormuz. At the time of writing, the US Crude Oil benchmark is trading around $76.16, its highest level since June 2025. The Strait of Hormuz handles around 20% of global oil shipments, making it one of the world’s most important energy chokepoints…
_**The closure of this strategic passage abruptly interrupts a major share of maritime flows, affecting supply chains well beyond the energy sector.**_ The halt of navigation in the Strait of Ormuz constitutes a new situation for international trade. This transit point, through which about a quarter of the world's oil flows and one fifth of the world's oil flows, is the first one to [...]
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