The Strait of Hormuz is a critical chokepoint for global oil supply. “The measures announced aiming to offset oil supply declines might be insufficient. EUROSTOXX 50 ⁠futures slipped 0.12 per cent, while FTSE futures lost 0.14 per cent. Investors remain on edge ​as the Middle East conflict threatens to freeze global energy trade and ignite ​a price shock - a risk that world leaders are scrambling to address. Chief among them is the ​timing of safe passage for vessels through the Strait of Hormuz, a critical chokepoint for global oil supply,” said Kerstin Hottner, Vontobel’s head of commodities.

Source: The Irish Times March 11, 2026 17:01 UTC