The Commercial Impact of a Closed Hormuz

Two weeks into Operation Epic Fury, the Strait of Hormuz is effectively closed to Western-linked shipping. Oil has surged above $100, war risk insurance across the Gulf has been withdrawn or repriced sharply higher, and tanker freight rates have reached record levels.

This executive briefing examines what the data shows about the commercial fallout across global energy markets, shipping routes, and maritime risk.

In this session, industry experts discuss:

• The real state of Gulf energy flows — cargo volumes, dark transits, and who is still moving oil.
• Record-breaking tanker freight rates and what is driving them.
• War risk withdrawal, Additional Premiums, and the insurance conditions required to transit today.
• How shadow fleet operators are exploiting the conflict environment.
• Cape of Good Hope diversions, Suez bypass, and global rerouting patterns.
• The emergence of a two-tier Strait where some vessels still transit while most wait at anchor.
• When flows could normalize, and what to monitor next.

Access the full recording to understand how the shutdown of Hormuz is reshaping global maritime trade and energy markets.

Meet the Panel of Experts