Hormuz blockade will hurt global energy supply: Experts

Following the US bombing of three major Iranian nuclear sites this morning, Tehran has indicated that closing the Strait of Hormuz for shipping is one of the options on the table to pressure its adversaries. Nearly 30% of global oil and a third of the world's LNG (liquefied natural gas) passes through the Strait daily and its closure would immediately reduce global supplies triggering a spike in prices, they said.