Strait of Hormuz closure risks greatest global energy supply shock in decades, Wood Mackenzie warns

Oil prices could reach US$200/bbl in worst-case scenario as more than 11 million b/d of Gulf crude and condensate supply remains curtailed LONDON/HOUSTON/SINGAPORE, May 20, 2026 (GLOBE NEWSWIRE) — A prolonged closure of the Strait of Hormuz poses the single greatest threat to global energy markets in decades, according to a new Horizons report from... The post Strait of Hormuz closure risks greatest global energy supply shock in decades, Wood Mackenzie warns appeared first on Montreal Gazette .

Original source: Montreal Gazette