A historic oil shock is unfolding as the Strait of Hormuz closure disrupts over 10 million barrels daily, double the 1956 Suez Crisis scale.

A historic oil shock is unfolding as the Strait of Hormuz closure disrupts over 10 million barrels daily, double the 1956 Suez Crisis scale. Brent crude has surged past $110 with virtually no spare capacity to cushion the blow. Strategic petroleum reserves offer limited relief as LNG cargoes face force majeure and Asian refineries cut production runs. India faces immediate ground-level impact with LPG shortages, rationing, and black-market price spikes spreading across states. This unprecedented disruption raises critical questions about the global energy order's stability and geopolitical realignment. The persistence of this crisis could fundamentally reshape international energy markets and economic stability worldwide.