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System - The Strait of Hormuz has seen a virtual

The Strait of Hormuz has seen a virtual halt in traffic, leading to the most severe energy crisis since the 1970s and a nearly 60% surge in oil prices.

Updated: 3/9/2026

Traffic through the Strait of Hormuz has ground to a virtual halt, unleashing the most severe energy crisis since the 1970s and sending oil prices soaring nearly 60%. 🔗 https://t.co/inLy809XB3 https://t.co/0F2bEqYDbI Source: https://x.com/WSJ/status/2031044928852107546

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