Deal or no Deal? Hormuz shock puts global energy system to the test

The disruption of crude oil tanker and cargo traffic through the Strait of Hormuz has sent shockwaves through the global economy, exposing a critical vulnerability long understood but rarely experienced at scale.

While oil resources remain intact, the sudden halt in movement driven by heightened risk, surging insurance costs, and geopolitical tensions has revealed a stark reality: the global economy still depends heavily on fragile physical infrastructure, including pipelines, ports, and maritime chokepoints.

According to the…