Hormuz blockade hits global trade

The Paris summit, which notably excludes the United States, aims to establish a strictly defensive naval force to ensure freedom of navigation in the vital waterway.

While President Trump claims the blockade is forcing Iran to the negotiating table, European leaders are increasingly concerned about the 'Trump tax'—surging energy bills and food shortages affecting their citizens.

A Pakistan-flagged tanker recently became the first crude carrier to exit the strait since the blockade began, highlighting the extreme limitations on current maritime traffic.

The UN has warned that the impasse is deepening humanitarian crises across the Middle East and beyond.