'Five Straits' Trap: How Hormuz Blockade Exposes Global Oil's Fatal Flaw
Iran's Hormuz blockade affecting 20-25% of global crude exposes the 'five straits' crisis: volatile chokepoints (Hormuz, Bab al-Mandab, Malacca, Suez, Turkish) shipping 60M barrels/day affected by Houthi threats, piracy, risk Asia's energy lifeline.
Published: 3 April 2026
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