Strait of Hormuz Crisis — April 3, 2026

April 03, 2026. Strait of Hormuz Crisis. Today, the Strait of Hormuz is at the center of a crisis that threatens global shipping and oil trade. This narrow passageway is crucial, handling about 20 percent of the world’s oil supply. Recent military tensions and an Iranian blockade have raised alarms, not just for oil but for all kinds of international trade. As the situation escalates, oil prices have surged past $110 a barrel, prompting fears of inflation, particularly in the United States. T