What if Iran Tries to Close the Strait of Hormuz?

Geopolitical Risk & Oil Supply - The Strait of Hormuz is a critical chokepoint for global oil supply, with approximately 20% of the world's oil flowing through it [1] - A material disruption in the Strait of Hormuz would significantly impact global oil supply [1] - Iran has the potential to disrupt or restrict oil supply through the Strait of Hormuz, even without a full closure [2][3] Potential Impact on Oil & Fuel Prices - Any restriction or anxiety regarding oil supply through the Strait of Hormuz could significantly affect oil prices [3] - Increased oil prices would likely translate to higher fuel prices for consumers [3] Iran's Options for Disruption - Iran could harass shipping or direct ships into its territorial waters as a means of disruption [2] - A complete closure of the Strait of Hormuz by Iran would be difficult to sustain for a long period, potentially upsetting allies like China [2]