Strait of Hormuz remains blocked

The effective closure of the Strait of Hormuz continues to drive global energy prices higher as few tankers are willing to risk the passage.

President Trump has rejected Iran's proposal for transit fees, insisting the waterway must remain open to international traffic without conditions.

Technical challenges in clearing mines and high insurance premiums have further complicated efforts to restore normal shipping operations.

Analysts warn that the continued blockade is placing immense strain on oil-dependent economies across Asia and Europe.