Strait of Hormuz

Al Majalla looks at potential new export routes that big oil producers can use to offset Iran's control over key regional waterways

To stop attacks against international shipping and the closure of maritime chokepoints, a more joined-up approach is needed. Helpfully, the world already has a working model

Some big shipping companies are starting to reroute through the iconic waterway once again, with more problems currently in the Strait of Hormuz and the Arabian Gulf than in the Red Sea

Even if diplomatic progress continues, the Strait could be closed again. As a result, the geopolitical risk premium attached to Gulf energy exports is unlikely to disappear entirely.

After 15 weeks of effective closure, shipping routes, energy markets, and supply chains have been reshaped, leaving changes that could endure long after the war has ended

Beijing's export restrictions on sulphuric acid are pressuring fertilisers, metals, and clean energy industries, exposing fragile supply chains as disruption spreads around the Strait of Hormuz