Strait of Hormuz Crisis — April 1, 2026

April 01, 2026. Strait of Hormuz Crisis. Today, the Strait of Hormuz is at the center of a brewing crisis, impacting global oil supplies and prices. As a key shipping route, it carries about twenty percent of the world’s oil. Currently, a blockade in this vital waterway has sent oil prices soaring above $100 a barrel, raising alarms across various industries. The crisis began escalating with the last shipment of jet fuel arriving in the UK, which is not enough to alleviate the growing fuel sho