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Model used: Basic

Economic Impact of Strait of Hormuz Closure

The degree to which each country's economy would be affected by a hypothetical closure of the Strait of Hormuz, considering oil dependence, trade routes, and strategic reserves.

Minimal impact
Catastrophic impact
43 low103 mid57 high
Mar 7, 2026

During the Iran-Iraq War, Iran and Iraq regularly attacked oil tankers in the Persian Gulf, a period known as the 'Tanker War,' testing the limits of international maritime law and freedom of navigation through the Strait of Hormuz.

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203 countries