Hormuz Shutdown Triggers Global Oil Shock and Political Tremors

The closure of the Strait of Hormuz, which handles about a fifth of world oil and gas trade, is causing the largest oil-trade disruption in history and pushing energy prices higher. The spike is creating political turbulence worldwide and could become a major liability for Donald Trump ahead of midterm elections as leaders wrestle with inflation, budget pressure, and energy security, with allies hesitant to reopen the strait and rivals preparing for potential energy crises.