Energy Intelligence

Hormuz Trade Slows to Trickle as Attacks Continue

The Strait of Hormuz, a vital oil conduit, has seen trade reduced to a trickle after a wave of escalatory attacks. U.S. and Israeli strikes on Iranian targets, followed by Iranian reprisals triggered by the reported assassination of Supreme Leader Ali Khamenei, have disrupted shipping lanes. Vessel traffic has fallen sharply, forcing carriers to delay or reroute cargo. The slowdown threatens global oil supply chains and pushes freight costs higher.