Surging oil and gas prices after Strait of Hormuz is effectively blocked could lead to higher inflation while faster wind, solar and e-vehicle expansion shields countries off worst effects of oil crisis

Energy analysts are bracing for a possible oil supply shock after U.S. strikes on Iran reignited fears of disruptions in the Strait of Hormuz.

The closure of the Strait of Hormuz and US-Israeli strikes in Iran are reigniting the specter of a surge in crude oil prices. But the global economy is less vulnerable today than…