Hormuz Shuts Down, Red Sea Reignites: Dual-Chokepoint Crisis Hits Global Shipping
IRGC closes Hormuz, insurers pull war risk cover, Houthis resume Red Sea attacks. The shipping industry faces a dual-chokepoint crisis.
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IRGC closes Hormuz, insurers pull war risk cover, Houthis resume Red Sea attacks. The shipping industry faces a dual-chokepoint crisis.
READ FULL BRIEFING →Hormuz traffic drops 70% after IRGC closure threat. Insurers pull coverage. Houthis pledge Red Sea return. Belgium seizes shadow fleet tanker.
READ FULL BRIEFING →The Strait of Hormuz is effectively closed to commercial traffic after IRGC strikes hit three tankers. P&I clubs withdrawing war risk coverage by March 5.
READ FULL BRIEFING →US-Israeli strikes on Iran trigger Strait of Hormuz blockade, tanker attacks, and insurance withdrawal as Houthis vow renewed Red Sea campaign.
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