# MiddleEastTension

The Strait of Hormuz Crisis: Its Origins, Development, and Impacts on the Global Economy and Cryptocurrency Markets
The Strait of Hormuz stands as one of the world’s most critical chokepoints for energy trade. Approximately 20 percent of global oil and liquefied natural gas shipments from the Persian Gulf pass through this narrow waterway. The crisis that unfolded in 2026, marked by the effective disruption of this strategic route, sent shockwaves through global energy markets. It triggered record spikes in oil prices and broad economic volatility. The events were triggered by escalating confl