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Strait of Hormuz disruption exposes global oil dependence
Gulf exporters lead supply, while China, India, Japan and South Korea drive demand, making them most exposed to disruptions
Mar 28, 2026
Mar 28, 2026
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Rising tensions between the United States, Israel and Iran have disrupted traffic through the Strait of Hormuz, a critical route for nearly 20% of global seaborne oil.
Gulf exporters such as Saudi Arabia and Iraq dominate supply, but demand is led by Asia, with China accounting for about 38% of imports, followed by India, Japan and South Korea, highlighting who stands to lose most from prolonged disruption.
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