Iran War Shuts Hormuz to Tanker Traffic; Houthis Pledge Red Sea Return
US-Israeli strikes on Iran trigger Strait of Hormuz blockade, tanker attacks, and insurance withdrawal as Houthis vow renewed Red Sea campaign.
The global maritime industry faces its most severe dual-chokepoint disruption in modern history after US-Israeli military strikes killed Iran’s Supreme Leader Ali Khamenei on 28 February, triggering retaliatory IRGC attacks on Gulf shipping and an effective blockade of the Strait of Hormuz — through which roughly 20% of the world’s traded oil transits d…
