Hormuz Oil Crisis: How 18 Million Barrels a Day Vanished From the Market
The Strait of Hormuz carried 18 million barrels of oil daily before the 2026 Iran War. Since March, Iran's IRGC has blocked the channel multiple times. Zero tankers passed on April 20. Oil prices hover below $100. Here is what happened to global oil shipments and what comes next.
By WarEcho Team