Hormuz Is Closed: Oil Shock, China’s Dilemma and a War Spreading Across the Gulf

The Strait of Hormuz - the narrow waterway through which roughly a fifth of the world’s oil passes - is effectively closed.Ship traffic has collapsed, oil prices are surging, and the conflict in the Gulf is expanding beyond the battlefield. From Europe’s fuel shock to China’s strategic dilemma, the consequences are already global.In this Brief, we break down what the closure of Hormuz means for energy markets, global trade, and the widening war across the Gulf.What happens next may determine not only the course of the war - but the stability of the global economy.