The Hormuz Chokepoint: How Seven Days Reshaped Shipping Risk

A week of Strait closure triggered 90% tanker traffic collapse and 86% overall decline, forcing insurers to redefine risk models.

The Strait of Hormuz has long been maritime’s single point of failure—a geographic necessity that concentrates nearly 20% of the world’s oil through a 33-nautical-mile corridor at its narrowest point. For decades, shipping companies, energy producers, and governments managed this concentration risk through a combination of diplomacy, deterrence, and fin…