The ongoing deadlock around the Strait of Hormuz, a vital Middle Eastern sea route, has intensified global economic concerns. Disruptions along this key corridor for oil shipments are fueling uncertainty in world markets.
Nearly 2,000 vessels and 20,000 sailors remain stranded in the Persian Gulf, awaiting clearance to pass through the strait, which has effectively been paralyzed by security risks, reports Al Jazeera.
In March, international maritime insurers declared the route “highly dangerous” and canceled war‑risk coverage for tankers.
As a result, many ships that could otherwise sail have been forced to halt journeys without insurance. The United States has said clearing naval mines laid in the waterway could take at least six months, meaning safe passage will not be possible before then.
Experts warn that even after mines are removed, insurance costs will remain elevated until a lasting political or military settlement is reached.
More than 20 percent of the world’s oil supply transits the strait, so a prolonged crisis could deliver a major shock to global energy markets and the wider economy.
Iran, citing the safety of its sailors, has refrained from launching operations against US forces. Tehran said six crew members of its container ship Tosca have already been freed thanks to sustained diplomatic efforts.
Tasnim News Agency reported on 29 April that the US Navy recently seized the vessel in the Gulf of Oman as it headed toward Iran, with 28 Iranian sailors aboard. Iran denounced the action as “piracy.”
From the outset, Tehran said it would avoid immediate military retaliation and instead pursue “formal and diplomatic channels” to secure the sailors’ release.
Six have now returned home, but 22 remain in US custody, according to Iranian officials, who said efforts to free them are continuing.
