Strait of Hormuz Crisis — March 28, 2026

March 29, 2026. Strait of Hormuz Crisis. Today, the Strait of Hormuz is at the center of a brewing crisis that could dramatically impact global oil trade. This narrow passageway, connecting the Persian Gulf to the Arabian Sea, is vital for the world's energy supply, with around 20 percent of oil passing through it daily. Recent tensions have raised alarms about potential blockages that could spike prices and disrupt flow. Early in the day, Iran accused Pakistan of supporting U.S. naval operati