By Demetris Stefani
On March 2, 2026, the Strait of Hormuz, the world’s most critical energy passage, effectively closed. Approximately 20 per cent of global seaborne oil trade has been disrupted. Crude oil has surpassed $100 per barrel for the first time in four years. This is the largest disruption to the energy market since the 1970s energy crisis.
For Cyprus and the broader Mediterranean, this is not just a
