Iran War Hormuz Toll Could Trigger $136bn Global Chokepoint Scramble, Analysts Warn

Iran War Hormuz Toll Could Trigger $136bn Global Chokepoint Scramble, Analysts Warn

The Strait of Hormuz has become the financial fault line of the Iran war. What began as a campaign to curb Tehran's nuclear ambitions has turned into a fight over who gets to charge ships for using one of the world's busiest waterways. Analysts now warn that if Iran succeeds in cementing tolls on Hormuz, it could hand a blueprint to other nations sitting on strategic chokepoints, from Gibraltar to the Bosphorus, potentially reshaping global trad…

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

Iran has closed and re-opened the Strait of Hormuz several times since the US-Iran war began in February. When operating normally, ships transport about a fifth of global oil consumption through the chokepoint. Importantly, more than four-fifths of the oil and liquefied natural gas moving through Hormuz in 2024 was destined for Asia. It was this over-dependence on Hormuz that has put Pakistan’s sleepy Gwadar port under the spotlight during the U…