Nightmare scenario: How Iran, hit by US, may choke world’s oil supply - explained
The Times of IndiaMonday, June 23, 2025 at 6:36:06 AM
Tensions between Iran and Israel are sparking fears of a global oil crisis. If Iran retaliates against recent U.S. strikes by disrupting shipments through the Strait of Hormuz—a critical oil passage—it could send fuel prices soaring and rattle economies worldwide. Experts say a full blockade is improbable, but even temporary closures could wreak havoc. Iran has leverage here, but it’s walking a tightrope: pushing too hard risks backlash from allies like China and military counterstrikes.
Editor’s Note: Oil markets are jittery at the best of times, and this standoff could make things worse. The Strait of Hormuz handles a third of the world’s seaborne oil—so any hiccup there hits gas pumps, inflation, and your wallet fast. While Iran might not go nuclear (figuratively or literally), even small moves in this high-stakes game could leave everyone paying the price.
— Curated via WP Now’s
