When the Strait of Hormuz first closed at the start of the 2026 Iran war, the world braced for the “ largest energy crisis in history . ” Before the conflict began, almost 20 percent of the world’s traded oil passed through the narrow waterway between the Persian Gulf and the Gulf of Oman. Iran’...

Source: [Grist](https://grist.org/energy/why-the-iran-war-hasnt-caused-a-global-oil-crisis-yet/)

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