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Military assurances have failed to restore confidence as commercial shippers refuse escorted transit through the blockade
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Oil prices surged 6 percent, insurance rates are climbing, and critical commodities from helium to fertilizer face disruption.
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The vital waterway carrying 20-25% of global oil supply is functionally severed amid 2026 conflict
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The disruption cascades beyond oil into LNG, fertilizers, food prices, and global internet infrastructure.
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Oil above $105 a barrel and four Asian nations face industrial collapse if the Hormuz closure persists past June.
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Three aircraft carriers and 38 diverted ships later, Tehran has not capitulated as the crisis enters a grinding stalemate.
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The Strait of Hormuz disruption threatens global supply chains, fertilizer markets, and food security.
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One-fifth of the world's seaborne oil passes through waters now requiring six months to clear
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Tanker rates hit 12-month highs as Hormuz transits plummet and rerouting around Africa accelerates.
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Mine-laying and vessel seizures cut Gulf oil output by over half in the largest energy shock in decades.
