IRGC declared the Strait closed on March 3, 2026 threatening to attack transiting vessels after US-Israeli strikes on Iran


War-risk insurance premiums have multiplied causing major insurers to withdraw coverage creating a de facto closure despite US CENTCOM statements
Iran attacked the US-linked tanker ATHE NOVA with drones resulting in one seafarer death and multiple vessel strikes
Japan and Malaysia advised vessels to avoid the strait while China called for an immediate halt to military operations
Limited bypass options exist as Saudi and UAE pipelines cannot offset the full 15M b/d volume currently at risk
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