Strait of Hormuz closure will have ‘ripple effect for weeks if not months’

On March 10, 2026, Vandana Hari, Founder & CEO of Vanda Insights, discussed the potential consequences of a closure of the Strait of Hormuz. The Strait of Hormuz is a critical chokepoint for global oil supply, with approximately 20% of global oil consumption passing through it. Hari stated that a closure of this strait would have a significant "ripple effect" on the global oil market. The impact of the closure could last for weeks, if not months, due to the disruption in oil transportation. The discussion highlights the Strait of Hormuz's importance to the global economy and the potential ramifications of its disruption.