In 1967, a war closed the Suez Canal for eight years. Half a century later, the Strait of Hormuz faces the same abyss

The Strait of Hormuz has remained effectively closed for weeks amid the U.S.-Israel-Iran conflict, with tankers held up and markets betting on a quick reopening.

For now, inventories and strategic reserves are cushioning the shock, but the real strain is expected in June as seasonal demand rises and crude shortages become more visible.

The article warns that a prolonged disruption could lift inflation, slow growth, and hit airlines and shipping as oil prices adjust.

It also flags a broader financial risk: renewed pressure on the petrodollar system and global market stability.