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Hormuz Blockade Cuts Traffic 95%, Crude Prices Surge

4/30/2026

48 6 Full Breakdown

Summary

Blockade Cuts Shipping

Ship transits through the Strait of Hormuz fell 95.3% after the United States and Iran imposed a blockade on Feb 28, 2026.
Traffic dropped to about seven vessels daily, far below the usual 125-140 ships.
United Nations dashboard reported food commodity prices rose 6% and European crude oil prices rose 53% since the blockade began.
Brent futures reached $108.46 a barrel and U.S. WTI $96.20 on Apr 27, 2026, a three-percent increase.

Summary

Bahrain urges reopening

Bahrain convened a UN meeting urging Iran to reopen the Strait of Hormuz.
Russia and China blamed the United States and Israel for the closure.
German Chancellor Friedrich Merz criticised the United States for lacking a clear Hormuz strategy.
UN Secretary-General António Guterres warned a prolonged closure could trigger the worst supply-chain disruption since COVID-19.

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Blockade Cuts Shipping

Ship transits through the Strait of Hormuz fell 95.3% after the United States and Iran imposed a blockade on Feb 28, 2026.
Traffic dropped to about seven vessels daily, far below the usual 125-140 ships.
United Nations dashboard reported food commodity prices rose 6% and European crude oil prices rose 53% since the blockade began.
Brent futures reached $108.46 a barrel and U.S. WTI $96.20 on Apr 27, 2026, a three-percent increase.

1 / 2