---
title: "Hormuz blockade drives record oil shock, corporate hits"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286318883.md"
description: "The closure of the Hormuz Strait has led to a historic supply shock, removing up to 20% of global oil supply, according to the IEA. Swiss chemicals company Clariant reported a 16% drop in Q1 profit due to weakened demand in the Middle East and rising costs. OPEC's output has decreased by over 30% since the onset of the war, with Aramco warning that disruptions may continue until 2027."
datetime: "2026-05-13T21:13:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286318883.md)
  - [en](https://longbridge.com/en/news/286318883.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286318883.md)
---

# Hormuz blockade drives record oil shock, corporate hits

Historic supply shock: IEA says Hormuz closure has removed up to 20% of global oil supply, surpassing past crises in scale. Corporate profit squeeze: Swiss chemicals maker Clariant’s Q1 profit fell 16% as Middle East demand weakened and costs rose. Prolonged crisis risk: OPEC output has dropped over 30% since war began; Aramco warns disruptions could extend into 2027.

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