Economy Added 24d ago 9 outlets · 9 articles

US-Iran standoff over Strait of Hormuz causes global energy disruption and economic damage

The Strait of Hormuz has been effectively closed to normal shipping since the US and Israel attacked Iran approximately two months ago, cutting off roughly 20% of the world's oil and gas supply. The UN projects global economic growth will slow from 2.9% to 2.6%, with global merchandise trade growth dropping sharply. Iran has threatened to extend the disruption by closing the Bab al-Mandeb strait as well, while both the US and Iran compete to enforce their respective blockades.

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Divergence score
This event sits in the top 1% of divergence this week. 9 outlets covered it, splitting into 9 framing camps across 4 bias groups.
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4 bias groups
The spectrum · how 9 outlets placed this story
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Fact ledger · what actually happened, cross-checked