Rising tensions between Iran and the United States have put the Strait of Hormuz, the world’s most critical oil chokepoint, back in focus, with any blockade threatening nearly a fifth of global oil and LNG supplies. Experts warn that even a brief disruption could send oil prices soaring above $100 a barrel, fuel inflation, and hit energy-dependent Asian and Gulf economies hard. Rising tensions between Iran and the United States have put the Strait of Hormuz, the world’s most critical oil chokepoint, back in focus, with any blockade threatening nearly a fifth of global oil and LNG supplies. Experts warn that even a brief disruption could send oil prices soaring above $100 a barrel, fuel inflation, and hit energy-dependent Asian and Gulf economies hard.