Tankers Face Dilemma: Pay Iran Toll or Risk Disaster in Strait of Hormuz
The ongoing conflict has severely restricted maritime traffic, reducing tanker passage through the strait to a mere trickle. Since Tuesday, only 15 vessels have successfully navigated the passage, a stark contrast to the pre-war average of nearly 140 daily trips. This disruption significantly impacts the global supply chain, as the strait previously facilitated the transport of a fifth of the world’s oil and gas, leaving almost 800 ships, many laden with cargo, stranded in the Gulf.
John Q. Hosedrinker