The Hormuz Choke Point And The Twilight Of Petroleum

16 May 2026 | Abstracted from

Juan Cole argues that the 2026 Hormuz blockade - triggered by the Israel‑Iran war - removed 11–13% of global oil, causing worldwide shortages and exposing the fragility of petroleum dependence. Asia is hit hardest, accelerating a rapid shift to EVs and renewables. China's battery and EV dominance grows, pushing global electrification. The crisis may mark the twilight of petroleum and a permanent drop in oil demand.

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