Here is the 'worst-case scenario' for oil and the Strait of Hormuz - MarketWatch## Commodities Corner# Here is the 'worst-case scenario' for oil and the Strait of Hormuz## Oil climbed to its highest price since June on Monday, as conflict in the Middle East brings with it an inherent risk to the world's available crude suppliesPublished: March 2, 2026 at 2:58 p.m. ETShareResizeThere's a de facto closure of the Strait of Hormuz for much commercial traffic due to intense military tensions, says OPIS. Photo: M ...