Strait of Hormuz · Persian Gulf

Closed from 4 March 2026 — The World's Critical Oil Chokepoint

20% of daily global oil supply · 20% of global LNG transits · Closed to all commercial shipping

Aerial view of the Strait of Hormuz with US warship and immobilised tankers

Iran's counter-move to the opening strikes was to shut the world's most critical oil chokepoint. The Strait of Hormuz — through which 20 percent of the world's daily oil supply and 20 percent of global LNG transits — was declared closed to all commercial shipping on March 4. Over 150 tankers anchored outside the strait rather than risk attack. Maersk, MSC, CMA CGM and Hapag-Lloyd all suspended transits. The US imposed a formal naval blockade on April 13. China, which imports 40 percent of its oil through the strait, entered emergency reserve protocols. Japan and South Korea followed.

Data: US Congressional Research Service · EIA · UK House of Commons Library · Carra Globe shipping analysis (April 2026)

Brent +$50
Per barrel surge since closure
>80%
Reduction in Iranian crude exports
$170M
Lost Iranian revenue per day
41
Tankers immobilised · ~69M barrels