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The Hormuz Crisis Has Permanently Changed the Economics and Importance of Energy Security - Energy News Beat

The 2026 Strait of Hormuz crisis—sparked by U.S.-Israeli operations against Iran beginning in late February and marked by Iranian attacks on shipping, assertions of control, U.S. naval responses and blockades, and sharply reduced tanker traffic—has delivered the largest oil supply disruption on record. At its peak, the effective closure or severe constriction of the waterway, which normally carries roughly 20-25% of global seaborne oil and about…
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cyprusshippingnews.com broke the news on Monday, August 10, 2026.
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