Will Strait of Hormuz tensions disrupt global oil supply? Yes or No
According to reports, Iran stated the Strait of Hormuz—through which 20% of world oil passes—is open except to the US and Israel. Formula 1 canceled Bahrain and Saudi races due to safety concerns tied to the Iran war, while jet fuel prices rise. Some sources suggest naval deployments will secure passage, but others warn of potential blockade or escalation risking supply interruptions.