The IEA warns that the global economy could begin suffering significant damage within weeks unless shipping through the Strait of Hormuz resumes, as renewed Middle East hostilities tighten energy markets.

IEA warns Hormuz closure could trigger an energy crisis. WTI reaching $110 in July 2026 at 2.8% YES.

Global economic headwinds could emerge if Strait of Hormuz disruptions continue for weeks. Financial markets show anxiety over escalating conflict and its impact on energy…