Iran's blockade of the Strait of Hormuz threatens global energy markets. Twenty percent of world oil production and forty percent of global exports pass through this critical waterway. The closure immediately spiked energy prices worldwide. Eastern Europe faces particular vulnerability as an energy importer exposed to volatile global commodity prices. Far Eastern nations like China, Japan, South Korea, and India are hit hardest, forced to seek alternative suppliers. Russia stands ready to capitalize on the supply disruption. While global oil production remains abundant, logistics have become the decisive factor. The real question is how long Iran can sustain this blockade and what policy response emerges from the incoming Trump administration.
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