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Who's caught up in the Strait of Hormuz chokehold as oil prices soar?

2026-03-21 16:40:21Ecns.cn Editor : Meng Xiangjun ECNS App Download

(ECNS) -- U.S. and Israeli airstrikes on Iran triggered a rapid escalation in regional tensions in the Middle East. The conflict intensified with Iran’s counterattack, sending shockwaves through global energy markets. Oil prices surged above $100 a barrel, shipping routes were disrupted, and fears of supply shortages grew. At the center of the crisis once again is one of the world’s most critical energy chokepoints: the Strait of Hormuz.

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