freight · April 18, 2026
Hormuz Crisis Reshapes Global Maritime Trade: Tanker Rates Surge as Vessel Transits Plummet
The US-Iran conflict and resulting counter-blockade enforcement have dramatically disrupted traffic through the Strait of Hormuz, pushing tanker freight rates to record levels and forcing shippers to reroute cargo globally. The crisis exposes critical vulnerabilities in oil and gas supply chains, particularly for major importers like India.