Strait of Hormuz Suddenly Closes, Global Supply Chain Faces Its Toughest Test Yet—Far Worse Than the Red Sea Crisis
On the evening of February 28, Iran‘s Islamic Revolutionary Guard Corps announced a ban on all vessels transiting the Strait of Hormuz. Three days on, the situation has only tightened further. Real-time tanker monitoring data shows vessel speeds across the surrounding waters have dropped to near zero, with large numbers anchoring in place to avoid risk. MSC, Hapag-Lloyd, CMA CGM and other major carriers have suspended bookings across the Middle East and instructed ships to proceed to safe waters. At least eight Middle Eastern nations have closed their airspace, over 2,600 flights have been canceled, and tens of thousands of travelers remain stranded at airports . This is not Red Sea crisis 2.0. This is a supply-crushing shock that directly seizes the world‘s energy jugular.
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