A short-term closure of the Strait of Hormuz would likely spike energy prices but is unlikely to cause the same stagflation seen after the 1973 oil crisis, due to the increased diversification and resilience of modern global energy systems.

Authors

• Person: Not available Organization: Foreign Policy Research Institute
  Experts React | Effects of the Iran War on Energy Markets

Sources

• Experts React | Effects of the Iran War on Energy Markets www.fpri.org Foreign Policy Research Institute via serper

Referenced by nodes (2)

• Strait of Hormuz location
• energy prices concept