Strait of Hormuz
Iran / Oman
100
Risk Score
~80 vessels/day
20-25% of global oil
Crude Oil, LNG, Refined Products
Strategic Overview
The Strait of Hormuz is a narrow waterway between Iran and the Arabian Peninsula. It is the world's most important oil chokepoint.
Threat Drivers
Recent Incidents (15)
Armed attack on vessel reported in the Persian Gulf region.
Iran and US Hit Tankers in Biggest Wave of Attacks on Shipping Since War Began. Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.
Vessel seizure or detention reported in the Persian Gulf region.
U.S. Destroys Five More IRGC Tankers After Iran Targets Navy Warship. U.S. forces destroyed five Iranian crude oil tankers Tuesday after the Islamic Revolutionary Guard Corps targeted a U.S. Navy warship with ballistic missiles twice over the past two days, according...
Suez Canal Revival Gathers Pace as Hormuz Crisis Reroutes Ships. Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red Sea led more ships to use the Egyptian waterway.
Europe Gas Hits Three-Year High as Traders Race to Fill Storage. European natural gas prices hit a fresh three-year high as traders race to fill fuel storage facilities ahead of winter, while awaiting details of an Iran-Oman deal on shipping through the Strait of Hormuz.
Iran Says to Announce New Restricted Zone in the Gulf in the Coming Days. Iran said it will announce a new restricted zone in the Gulf in the coming days, along with maps of a new shipping corridor through the Strait of Hormuz, as a weekend exchange of strikes on shipping sent oil prices higher on Monday.
Hormuz Traffic Dips To Lowest Since May After US, Iranian Strikes On Ships. By Florence Tan SINGAPORE, Sept 7 (Reuters) – An average of 10 commodity ships transited the Strait of Hormuz per day over the past 10 days, the lowest since May, according to shipping data...
US Energy Chief Says Navy To Defend Hormuz Until Iran Backs Down. By Jennifer A. Dlouhy and María Paula Mijares Torres Sep 6, 2026 (Bloomberg) –US Navy escorts that are helping tankers cross the Strait of Hormuz are essential to sustaining crude flows...
Iran, US Trade Tit-for-Tat Tanker Attacks As War Drags On. By Eltaf Najafizada and Weilun Soon Sep 6, 2026 (Bloomberg) –Iran said it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, as well as a number...
U.S. Destroys Iranian Tanker, Disables Two Others After Missile Attacks on Navy Warships. U.S. forces struck three Iranian oil tankers on Saturday after Iran’s Islamic Revolutionary Guard Corps launched ballistic missiles at two U.S. Navy warships, marking another sharp escalation in the maritime...
Korea Paving Way to Send Naval Ship to Hormuz, Reports Say. South Korea has begun preparations for a possible deployment of a naval support ship and troops to the Strait of Hormuz, local media reports said, as President Donald Trump ramped up pressure on the US ally over its lack of support for the war with Iran.
Gulf Shipping Traffic Via Hormuz Keeps Below 10-day Average, Data Shows. Four commodity vessels transited the key waterway of the Strait of Hormuz on Thursday, down from nine a day earlier and well below the 10-day average tally of about 15, preliminary shipping data showed.
War Risk Claims Top $2 Billion as Shipping Attacks Spread Beyond Hormuz. By Lori-Ann LaRocco – The payout to vessel owners damaged in the Iran War is the second-biggest payout for marine underwriters in more than a decade, according to maritime insurance...
Japan’s Mitsui OSK Sees Risk to Hormuz Shipping Through Year-End. The head of Japanese shipping company Mitsui OSK Lines Ltd. expects disruption in the Strait of Hormuz to last longer than previously assumed, with recent attacks elevating the risk for tankers attempting to move oil through the waterway.