Published: Mar 05, 2026, 11:30 IST | Updated: Mar 05, 2026, 11:30 IST
Global shipping through the Strait of Hormuz—a critical trade route handling about one‑fifth of the world’s crude and gas exports—has faced one of its most serious disruptions in years as the U.S.–Iran conflict escalates. Major carriers including COSCO, Maersk, MSC, CMA CGM, and Hapag‑Lloyd have halted new bookings or suspended transits due to security concerns and traffic restrictions, effectively pausing movement through the strait.