Strait of Hormuz Shipping Crisis

The closure of the Strait of Hormuz by Iranian forces has created a global energy crisis, forcing nations to scramble for alternative supplies.

While a French-owned container ship was recently allowed to transit, most Western vessels remain blocked or face significant risks.

The United States has doubled its reinsurance guarantees to $40 billion to encourage shipping, but many companies are still avoiding the waterway.

This stranglehold on global trade is putting immense pressure on the Trump administration to find a diplomatic or military resolution.