The Iran war represents the biggest energy crisis since the Second World War because 20% of world oil and 20% of LNG flow through the Strait of Hormuz, and the disruption affects not only energy but also helium, fertilizer, and agricultural products globally.

causalpending

Speaker

Daniel Yergin

Evidence Quote

it's the biggest crisis since the Second World War...because 20% of world oil, 20% of LNG flow through the Strait of Hormuz

Source

Daniel Yergin on Why Energy Prices Didn’t Soar HigherForeign Policy
Created: 8/12/2026, 6:41:21 PM

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