Middle East Business World

Strait of Hormuz remains blocked

Strait of Hormuz remains blocked

Only a handful of vessels have successfully transited the chokepoint since the pause in fighting, with most having direct ties to Tehran.

U.S. intelligence suggests that while Iran's launch infrastructure was damaged, its ability to maintain a blockade through mining remains a significant threat to global trade.

A U.K.-led coalition of more than 40 nations has pledged to assist in securing the passage, but technical limitations and security risks complicate mine-clearing efforts.

The ongoing closure is driving up global energy prices and threatening systemic fuel shortages across Europe and Asia.