The threat of Iranian attack on ships in the Strait of Hormuz is disrupting global energy supplies and could soon send the price at the pump to a new record high. With the passage of oil tankers and cargo ships all but halted in and around the strategically vital waterway, the price of food, transported using oil and diesel, is also expected to climb if the closure persists, according to Bob McNally, a former White House energy adviser. The Strait of Hormuz is the only route connecting oil rich countries in the Persian Gulf to the rest of the world.
Author: Cecilia Vega, Aliza Chasan
Published at: 2026-03-15 23:00:17
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