
Hormuz shipping collapses to single digits as US-Iran tanker war chokes trade
Only six commodity vessels transited the Strait of Hormuz on September second, half the ten-day average, as military exchanges and high-risk zones deter traffic. Roughly fifteen percent of global oil supplies are effectively trapped, threatening energy supplies and insurance markets worldwide. This episode breaks down the data behind the collapse and the downstream consequences for the global economy.
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Daily ship transits through the Strait of Hormuz plummeted from over one hundred to single digits in September.
Captains are disabling tracking transponders to hide vessel locations from hostile forces in the Gulf.
Marine insurance premiums spiked to ten percent of ship value, making a single transit cost five million dollars.
Liquefied natural gas shipments through the strait have collapsed by ninety-nine percent since mid-June.
Overland pipelines lack the capacity to replace the fifteen million barrels of oil trapped daily by the blockade.
A ninety-four percent drop in fertilizer shipments now threatens long-term global food security.
- 01Intro1 min
- 02The Single-Digit Reality2 min
- 03The Energy and Commodity Shock2 min
- 04The Cost of Risk2 min
- 05Mitigation and Miscalculation2 min
- 06Outro1 min
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