Strait of Hormuz · ECONOMIC
8/10
Severity
The Philippines has declared a state of national energy emergency due to supply chain disruptions and rising oil prices resulting from the closure of the Strait of Hormuz.
AI Reasoning
The closure of the Strait of Hormuz represents a critical systemic risk to global energy security, as evidenced by the Philippines' declaration of a national emergency; a score of 8.5 reflects the high-impact economic consequences of a major maritime chokepoint closure.