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Iran War Has Blocked the Strait of Hormuz, a Vital Oil Chokepoint. Reopening It Is a Big Challenge
Iran has closed the Strait of Hormuz, blocking Gulf oil exports amid war with US and Israel, causing shipping disruptions and soaring insurance premiums, officials said.
- On March 11, 2026, Iran's forces declared the Strait of Hormuz is effectively closed and vowed 'not one litre of oil' would be exported while the war with the United States and Israel continues.
- Iran's foreign minister Abbas Araghchi said Tehran is prepared to continue missile attacks and ruled out negotiations, while the IRGC declared 'It is we who will determine the end of the war'.
- Lessons from the Red Sea show U.S. and French navies warn vessels would be 'sitting ducks' in narrow lanes if Iran attempts to reopen the Strait of Hormuz, which can be targeted with anti-ship cruise missiles, drones, and mines, making transit hazardous.
- Insurance premiums for ships transiting the Strait of Hormuz have soared to levels France's transport minister described as 'insane', with Marsh Risk citing tanker rates approaching those for ships carrying grain from Ukraine.
- On Tuesday, U.S. officials offered mixed messages as US President Donald Trump hinted at talks with Tehran while the Pentagon chief vowed 'the most intense day of strikes' yet, and Chris Wright’s deleted escort claim was denied by Karoline Leavitt.
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Associated Press News
Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge
Governments are working on plans to unblock vital oil chokepoint the Strait of Hormuz. The Iran war has effectively closed the waterway and pushed up gasoline prices.
The US and Israel have yet to strike the small atoll of Kharj in the Persian Gulf, through which 90% of Tehran's oil supplies pass. While its capture could choke the regime's economic revenues, it could cause a sustained rise in barrel prices. "It is too vital for global energy markets"
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