Strait of Hormuz blockade impact

With over 3,000 vessels currently unable to transit, the blockade is creating a humanitarian crisis for crews trapped in the Persian Gulf under threat of drone attacks.

The disruption has forced Asian nations to ramp up coal power to offset fuel shortages, potentially reversing years of progress on climate goals.

While some French-owned and Japanese tankers have reportedly been allowed to pass, the majority of global shipping remains at a standstill.

The US has doubled its reinsurance guarantees to $40 billion in an attempt to encourage brave shipping firms to navigate the contested waters.