By Ganapathy Shanmugam, Ph.D. The recent U.S./Israel-Iran War, which began on February 28, 2026, triggered the closure of the Strait of Hormuz—the world’s most critical oil chokepoint—halting roughly 20% of global petroleum liquids supply and effectively stopping oil and LNG exports from the Persian Gulf. This sudden disruption has caused sharp price spikes in fossil… Continue Reading