Strait of Hormuz Crisis — April 2, 2026

April 02, 2026. Strait of Hormuz Crisis. Today, the Strait of Hormuz is at the center of a major crisis that threatens global trade and energy security. An Iranian blockade has left over 2,190 ships stranded, disrupting vital shipping routes. This blockade is particularly alarming because about twenty percent of the world's oil passes through this narrow waterway. The implications are immense, with potential price increases for consumers worldwide. As tensions escalate, oil prices are surging.