The U.S.-Israel war with Iran has caused the largest global energy-supply shock ever: Some 20% of the world’s oil and liquefied natural gas (LNG) flows have been cut off at the Strait of Hormuz.
From gas rationing in Bangladesh, to farmers in Africa without fertilizer, to Americans struggling to afford filling their gas tanks, the supply-chain bottleneck is affecting every part of the world. But while an end to the current crisis is inevitable, its ripple effects will be shaking up the geopolitical and energy landscape long after it’s over.
