Business Strait of Hormuz Closure: Impact on Oil Prices & Global Economy – Federal Reserve Analysis by Marcus Liu - Business Editor March 20, 2026 by Marcus Liu - Business Editor March 20, 2026 Strait of Hormuz Closure: Assessing the Global Economic Impact The closure of the Strait of Hormuz following military conflict with Iran, beginning February 28, 2026, represents a significant disruption to … 0 FacebookTwitterPinterestEmail