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Global Business News

The Economic Times

Global Business / The Economic Times

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The Strait of Hormuz was supposed to be too big to fail

The Strait of Hormuz, a critical global energy route, is now closed. This closure has halted one-fifth of the world's oil and gas supply. Prices are soaring, creating a global energy crisis. This event reveals the world's reliance on a few key geographic areas. These locations are increasingly at risk of disruption. The situation underscores the vulnerability of global trade.

21 Mar 2026 2:45 pm