The Strait of Hormuz is the fourth large supply shock this decade. Welcome to the new era of global disorder FortuneWar in Iran Reveals Strait of Hormuz’s Weakness as an Oil Bottleneck The New York TimesWhy Iran’s disruption of the Strait of Hormuz matters BrookingsIt’s looking like Trump’s war created a private oil lane for China and other countries willing to play ball with Iran FortuneIran continues exporting millions of barrels of oil as around 90 ships cross the Strait of Hormuz despite the war PBS