Overview
- Most tanker traffic has halted through the Strait of Hormuz, with NDTV reporting more than 1,000 vessels stranded on both sides as war‑risk premiums surge.
- Iranian officials stress the channel is not closed to neutral shipping, and reports cite limited passages by Indian LPG carriers and at least one Pakistani tanker.
- Iranian lawmaker Alaeddin Boroujerdi says some ships are being charged up to $2 million for transit, a claim reported by Iran International and state media that highlights selective enforcement.
- President Trump issued a 48‑hour deadline to fully reopen the strait and threatened strikes on Iranian power plants, prompting Iranian military warnings of a total closure and retaliation against regional infrastructure if attacked.
- Energy markets remain under strain, with oil prices holding above $100 and the IEA warning of a major threat to the global economy as insurers raise or withhold cover and recent attacks deter voyages.