Current status of Strait of Hormuz

[dalton99a]

https://www.euronews.com/business/2026/03/01/first-oil-tanker-attacked-in-the-strait-of-hormuz-according-to-oman

While Tehran has not made a formal announcement of a full blockade, the threats have triggered immediate disruption. Ship traffic has plummeted with vessels holding outside the Gulf of Oman or executing U-turns mid-transit.

Most major shipowners and operators have suspended operations through the Strait of Hormuz. Namely, the Danish shipping and logistics giant, Maersk, has suspended all future transits through the Strait of Hormuz until further notice, on Sunday afternoon.

Marine insurers have also halted coverage for any voyages in the area, leaving transporters exposed to massive risk premiums or outright refusal.

Oil futures reopen for trading this Sunday evening amid widespread talk of Brent crude hitting $100 per barrel, levels last seen after Russia’s invasion of Ukraine in 2022.

Analysts at Barclays, among other firms, have explicitly raised forecasts to that threshold, warning that a prolonged halt could block up to 20 million barrels per day, which represents about 20% of global supply.

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