The Strait of Hormuz Oil Shock Is Now Heading West

The article warns that the month‑long closure of the Strait of Hormuz has triggered the most severe oil supply shock in history, with shortages already spreading across Asia and poised to hit Europe next as global markets brace for soaring prices and intensified competition for fuel. Partner Steven Wilson lent his expert insights by noting that LNG suppliers are now prioritising lucrative spot‑market sales over long‑term contracts, a clear sign of tightening supply and rising pressure across the energy system.