Middle East Business World

Strait of Hormuz energy crisis

Strait of Hormuz energy crisis

The crisis poses a major challenge for President Trump, who claims the US could reopen the vital oil route but has yet to take definitive military action.

In Thailand, more than a thousand fishing boats have stopped operating due to high diesel costs, while Pakistan has implemented free public transport to ease the burden on citizens.

US intelligence reports suggest that Iran is unlikely to reopen the waterway soon, using its position as leverage in the ongoing war.

The blockade has also impacted maritime trade, with only a few Western vessels granted safe passage.