Hormuz crisis is 'the biggest disruption in the history of modern energy', says S&P Global analyst

WBUR | By Here & Now Newsroom

Published April 30, 2026 at 11:54 AM EDT

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The sun rises behind a tanker anchored in the Strait of Hormuz off the coast of Qeshm Island, Iran, Saturday, April 18, 2026. (Asghar Besharati/AP)

The closure of the Strait of Hormuz has sent global energy prices skyrocketing as supply chains fail.

Here & Now‘s Scott Tong speaks with economic historian and S&P Global vice chairman Daniel Yergin, who says the Hormuz oil shock will lead to a new global balance of power.

This article was originally published on WBUR.org.