Transportation through [the Hormuz Sea] (htttts ://nvexpress.net/Daniel-co-dau-dau-shit-e-bien-hormum-dong-01-01-011050185.html) between Iran and Oman the last few days have been almost paralyzed during the war in the Middle East. Many ships were attacked when Iran responded to U.S. and Israel's air strikes. In just two days, an oil tanker was on fire and at least four other ships were damaged by drone equipment.
Sea transport data indicates that by the time of the third, at least 150 ships, consisting of liquidated oil and gas carriers (LNG), anchored at the Hormuz Channel and neighboring sealands. According to the ship tracking data of Marine Treffific platform, the oil vessel is gathering at the coasts of major oil production countries in the Gulf Areas such as Iraq and Saudi Arabia, as well as Qatar - the leading export country LNG.
At a conference in California on two-thirds, Jeremy Nixon - The container Ocean Network Transport CEO (ONE) said "about 10 percent of the global container ships are crawling here". This may cause early cargo to be blocked at ports and intermediate points in Europe, Asia.
Get out! [ Trains avoid passing through the Hormum. Images: LSEG, Reuters] (httts ://1-kmig.vnecdn.net/2026/03/03/3/tanker-hormber-177251515757-7385-9048-17252525/2550?jpg?w=1&h=100&dpr=1&Fint=c&&=rop&&=w&&&wwFqFNwqFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFmtmmmmmmmmv8555555555555555555555555555555qqq55qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq
The ships avoid passing through the Hormuz Sea Ego. Image: LSEG, Reuters
[Eo Sea of Hormuz] (htts ://nvreexpress.net/cu-go-centu-dau-dau-tam-dim-in-can-tang-my-iran-in-iran 5004/950.htm) is between Oman and Iran, connecting Persian bay in the north, Oman Bay in the south and beyond the Arab Sea. Last year, more than 14 million barrels of crude oil per day flows through this Channel, which is equivalent to a third of the world's marine fuel export, according to data from Kpler. About three quarters of the oil barrels were transferred to China, India, Japan and Korea. In it, half of China's crude oil imported through this Channel.
Iran states that it has closed the maritime activity via this strategic water route. "Eo the sea has been[citation needed] (htts ://nvniexpress.net/iran-de-doa-dot-chay-mori-tai-tau-qua-bien-hormid 0-5045891.html)". If anyone tries to pass through, the heroes of the Iranian Islamic Revolutionary Guard (IRGC) and the navy will burn those ships", Ebrahim Jabari, the senior advisor of the IRGC, declared on two-thirds.
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Even so, the U.S. Central Command (CENTCOM) later claimed that the Channel had not yet been closed, despite claims from Iranian officials.
The long-lived transit route caused the price of oil and natural gas in Europe to skyrocket. Brent oil prices had a point of increase to 13%, when the conflict caused multiple oil facilities in the Middle East[permanent dead link](htpts ://nvexpress.net/nin-nin-nin-center-dong-hang-tag-tac-dau-sub-shil-sub-sub-sub-splub-splub-s-sub-sub-date-s-da-dau-s-dau-dau-s-up-up-s-up-up-up-when eph.h.h.
After the above developments, many shipping insurance companies such as Gadd, Skuld, NorthStrand, London P&I Club and American Club also announced war risk insurance with ships from March 5. This means that shipping companies with ships operating in the Middle East will have to find new insurance at a higher cost.
"As the situation goes on fast, the companies both raise fees, even refusing insurance for ships passing through the current Hormuz Channel", David Smith - director of the maritime department at the McGill and Partners insurance broker.
War risk insurance costs hit 1% of the ship's worth over the last 48 hours, rising dramatically over the last 0.2% of the week, Reuters quoted close sources stating. This cost each shipment a few hundred thousand dollars more.
"Eo Beach Hormuz nearly closed due mainly to concern behind more threats than a specific blockade", Munro Anderson - expert at the Vessel Protect Marine War Insurance firm. The cost of oil transport from the Middle East to Asia - which is at the highest level of six years - is expected to continue to increase as the fighting spreads.
Middle Eastern oil countries have virtually no oil exports, if the Hormuz Channel is sealed off. They had oil-based pipelines on the ground, but limited capacity and had been overloaded since Houthi (Yemen) sealed the Red Sea to support Hamas in late 2023. That's why if the Iranian script blocks the Channel, the world's oil prices are predicted to soar over $100 a barrel. Even so, in history, the Hormuz Channel has never been completely sealed. Because if the Hormuz lock, Iran will also lose its key source of oil.
With the other cargo ships, if they need to divert course, they have to go around the Cape of Good Hope. The time of shipping on this line is an additional 8-10 days, even half a month. This puts extreme pressure on supply sequences, especially with car parts, electronics and food crops.
When that happens, the costs and insurance fees will increase. A CEO in the field of agriculture estimates that sea vessels could increase 230%. However, if calculated over the total single value, the cost of the team was actually only about 1.3%, max.
Teau Thu * (in line with Reuters, Fox News PlayStation)
[! [ The risk of oil crisis as the Hormuz Channel closes](data:image/gif;base64,R0lGODlhAQAAAACH5BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACTATATATAEAEAEAEAEAEAEAEAEAEAEAEAEAEAEAAEAEAEAEAEAAAAAAEAEAAEAEAAEAEAAEAEAEAEAEEEEEEAEAEAEEAEEEEEEAEEEEEEAEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEEEEEEEEEE
#[citation of oil prices] as the Hormuz Channel closes] (httts ://vnexpress.net/Deld-co-song-dau-dau-khi-eo-bien-hormid-dong-13-01-01-185.htm)
[U.S. and Israel attacks Iran pushing the Hormuz Channel—the world's oil vessels—to the risk, raises the risk of fuel prices.][htt][citation needed][citation needed] [27] (htttts ://nvexpress.net/Daniel-co-kong-dau-dau-shit-o-bien-horhm-dong-01-545185.html#box comment vne)
[! Data's risk of conflict in the Middle East with the Global Economics]]]]]]]]]]]]]]] [netxxexpressexpresspresspress
#[citation of conflict in the Middle East with global economics][citation needed][citation needed][citation needed]
[Present in Iran can drag inflation due to inter-transmission through the Middle East and increase the unstable factor with the world's economy.][htpts ://nvxexpress.net/rui-curo-sub-dung-dot-hoo-vo-vo-vo-vo-vo-te-can-can-can-can-can-can-can-can-to-can-to-canpresspress.net/45764.1404.140) [6](htttttsvnexpress.net/rui-ro-cu-sub-dot-dot-o-dong-vo-vou-toan-cau 5045764.html#box comment vne)
[! [ The price of oil may be up to 100 dollars due to conflict in Iran](data:image/gif;base64,R0lGODlhAQAAAACH5BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATATATATAAEAAEAAAEAAEAAAAAAAEAAAAAEAAAAAEAAAAAAAAAAAAAAEEAAAAAAAAAAAAAAAAAAAEEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEEEAAAAAEEEEAAAEEEAAAEEAEAAEEAAEAAEAAAAEAAAAAAAAAAAAAAAAAAAAEAAAAAA
[Eng Brent increases 10% to 80 dollars a barrel in OTC session, signaling a high rate of climbing up $100 when opening the official transaction.][htt][htt] ://nvexpress.net/gia-dau-co-the-100-usd-do-do-do-do-dot-o-iran 05404.html]