Strait Of Hormuz Traffic Collapse

The Strait of Hormuz has once again been effectively shut down. Normally, between 60 and 100 ships transit the strait each day, but since early March, traffic has fallen to fewer than 10 vessels daily, often as low as zero to four. This disruption is significant: roughly 21 million barrels of oil typically pass through the strait every day, and that volume has now dropped sharply. The impact extends beyond oil. The strait is a critical route for fertilizers and other essential goods, meaning the effects are rippling across multiple sectors. Prolonged uncertainty about the safety of this vital corridor is likely to be felt throughout the global economy, with rising inflation being the most immediate and visible consequence.