The ongoing Hormuz oil shock is causing significant disruptions in global energy markets, as Romania joins a coalition of European nations responding to an end-to-end blockade of the Strait of Hormuz. This blockade has severely impacted the connectivity of LNG, LPG, and crude oil from major producers including Iran, UAE, Qatar, and Saudi Arabia.
Industry experts, including Baker Hughes, warn that the Strait of Hormuz may not fully reopen until the second half of 2026, raising questions about how the billion-barrel shock will crash demand and reshape energy supply chains in the coming years.