A month-long closure of the Strait of Hormuz has raised fears of a global energy crisis worse than the 1970s oil shock. Former Maersk director Lars Jensen told the BBC that the U.S.-Israel war with Iran could trigger economic disruption far greater than that of the 1970s. International Energy Agency chief Fatih Birol echoed this concern, calling it the biggest global energy security threat in history. The blockade has severely disrupted oil and gas shipments from Gulf countries, which supply about one-fifth of the world’s oil.
Analysts note that the 1970s crisis stemmed from a deliberate oil embargo by Arab producers during the Yom Kippur War, causing prices to quadruple and triggering global recession and inflation. In contrast, experts say today’s market is more diversified and resilient, though developing nations remain highly vulnerable.
Consultants warn that even if the strait reopens soon, supply shortages and high energy costs could persist for six to twelve months, with stability depending on the de-escalation of the ongoing conflict.
বিবিসি বাংলা প্রকাশ : ০৬ এপ্রিল ২০২৬, ০৮: ৪৯আপডেট : ০৬ এপ্রিল ২০২৬, ০৯: ৫৭ বিশ্বব্যাপী জ্বালানি সরবরাহের জন্য অত্যন্ত গুরুত্বপূর্ণ একটি জলপথ মাসব্যাপী বন্ধ থাকায় এমন সতর্কতা জারি করা হয়েছে যে, পৃথিবী হয়তো ১৯৭০-এর দশকের তেল সংকটের চেয়েও ভয়াবহ সমস্যার
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