The Strait of Hormuz is facing a blockade. These countries will be most impacted

PUBLISHED TUE, MAR 3, 2026

KEY POINTS

• An extended closure of the Strait of Hormuz will upend global energy markets.

• The pain would be felt most acutely in Asia, analysts said.

Located between Oman and Iran, the strait functions as a vital artery for the global oil trade. Roughly 13 million barrels per day passed through it in 2025, representing about 31% of all seaborne crude flows, according to energy consulting firm Kpler.

A prolonged closure of the strait would likely lead to a further surge in oil prices, with some analysts seeing oil crossing $100 per barrel. Global benchmark Brent

was last up 2.6% at around $80 per barrel —almost 10% higher since the conflict broke out.

https://www.cnbc.com/2026/03/03/strait-of-hormuz-closure-which-countries-will-be-hit-the-most.html