strait hormuz closure pushes crude 191943779

The closure of the Strait of Hormuz, through which ~20% of global oil transits, directly reduces global crude supply by an estimated 14.5 million bpd. This creates a severe supply shortage, pushing crude prices higher (WTI +2.78% in a single day). The channel is supply_shortage (arz darlığı) with potential for sustained high prices due to long recovery timelines. Impact is global, with particular exposure for net oil importers and refiners dependent on Persian Gulf crude. Winners: alternative crude producers (US shale, other OPEC+), LNG exporters as substitution pressure rises. Losers: Persian Gulf producers (forced output cuts), global refiners facing margin squeeze from higher input costs, shipping lines facing higher insurance and transit costs.