Chokepoints under stress

With vessels trapped, and war-risk premiums at twenty times pre-conflict levels the industry is no longer waiting for the strait to reopen.
Strait of Hormuz

The Strait of Hormuz and Bab el-Mandeb have turned into active flashpoints in the escalating Middle East war, choking global energy flows and trade routes after US and Israeli strikes killed Iran’s Supreme Leader Ali Khamenei and targeted key Iranian sites starting February 28, 2026.

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